-Estimation the costs of using the machine:
Cost of operation is calculated according to equation given by
Awady (1978), which has the following form:
C= P/H( 1/y + i/2 + t + m ) + ( A. k. f. u) + S/144
Where:
C = Total hourly cost, P = Price of machine LE (5000), H = Estimated
yearly-operating hours (500), y = Estimated life-expectancy of machines
in years(10), i = Interest rate (12%), t = Taxes and overhead rates (3%),
m = Maintenance and repairs ratio(10%), A = Ratio of rated power and
lubrication related to fuel cost (1.2), K = Power in kW or hp (65 hp), f =
Specific fuel-consumption in L/kW.h or /hp.h (35%), u = Price of fuel
per LE (0.6), S = Monthly salaries (600 LE), and 144 = Estimated
working hours per month according to price level 2005.
*Notice that all units have to be consistent to result in C = L.E./h.
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