A part is produced on a lathe in a machine shop. The cost of the part includes machining cost, tool-related cost, and co

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A Part Is Produced On A Lathe In A Machine Shop The Cost Of The Part Includes Machining Cost Tool Related Cost And Co 1 (48.7 KiB) Viewed 77 times

A part is produced on a lathe in a machine shop. The cost of the part includes machining cost, tool-related cost, and cost of idle time. The cost for the machining time is inversely proportional to the cutting speed V m/min. The tool-related costs are proportional to V1.5. The cost c is given by: 240 C= + 10-*71.5 + 0.45 V i) Determine the cutting speed for minimum cost, V. ii) Determine the cost c* at the optimal cutting speed, V. First formulate the problem, and then solve: 1. Analytically. 2. By hand, using the Golden Section Method for the first 10 function evaluations and not 10 iterations). 3. Numerically, using the Golden Section algorithm, you will code and hand-in via D2L. 4. Compare the results obtained in 1, 2, 3 in table form. Finally, comment on the output in a separate column.