Problem 9.

13 Optimum Cycle Time for Maximum Profit

Input Information:
kg Oper_da
F := 70 Op_da := 300 cfeed := 5.50 $/kg
da y
coper := 300 $/oper.da Cost for Operations cregen := 800 $/regen Cost of
Regeneration
A_C_Other := 100000 $/y Annual Fixed, O/H, etc.

− 0.25 kgProd
Y ( ) := 0.87 • Product Yield
kgFeed
PS := 31 $/kgProd Product Value

Prod_Rate ( ) := F • Y ( ) Production Rate

Assuming the yield for the first day is 0.87

⌠ D
Prod ( )D := 
⌡1
Prod_Rate ( ) d + F • Y ( 1)

3
4
Prod ( D) → 81.2 • D − 20.3

Op_da
A_Inc ( D) := Prod ( D) • • PS Annual Income as Function of D
D
A_C_Feed := F • cfeed • Op_da Annual Cost of Feed

A_C_Oper := coper • Op_da Annual Cost for Operations

Op_da
A_C_Regen ( D) := cregen • Annual Cost for Regenerations
D
A_C_Total ( D) := A_C_Feed + A_C_Oper + A_C_Regen ( D) + A_C_Other
Ann_Profit ( D) := A_Inc ( D) − A_C_Total ( D)

The optimum D is found by setting the first derivative of the annual profit to zero
and solving for Dopt

d
( )
F D :=
d D
Ann_Profit ( D)
3
4
d 240000 755160.0 • D − 188790.0 566370.0
d D
Ann_Profit ( D) → 2
−
2
+
5
D D 4
D
 3
4
d 240000 755160.0 • D − 188790.0 566370.0
d D
Ann_Profit ( D) → 2
−
2
+
5
D D 4
D
Solve for Dopt

Initial Guess D := 4
Given

( )
F D =0

Dopt := Find ( D) Dopt = 2.986 da

5
Ann_Profit ( )
Dopt = 1.254 × 10
5
A_Inc ( )
Dopt = 5.113 × 10
5
A_C_Feed = 1.155 × 10
4
A_C_Regen ( )
Dopt = 8.039 × 10
4
A_C_Oper = 9 × 10
5
A_C_Total ( )
Dopt = 3.859 × 10
:= 1 , 1.2 .. 10 range for plotting

Annual Profit vs Prod.Cycle Time

0.15

0.1
Annual Profit

Ann_Profit ( )
6
10
0.05

0
0 2 4 6 8 10

Prod. Cycle Time (da)

 Annual Profit vs Prod.Cycle Time
0.15

0.1
Annual Profit

Ann_Profit ( )
6
10
0.05

0
0 2 4 6 8 10

Prod. Cycle Time (da)