Competition, Strategy, and Resources
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1
Competition, Strategy, and Resources
Kevin Caudell
The University of Arizona Global Campus
BUS437: Business Plan Development
Sucheta Shah
April 28, 2024
2
Competition
Demolition in the city of Dayton of Ohio has three main competitors. Major
contracts were handed out to these three large companies, Bladecutter’s lawn care;
Alpha Demolition; and Charles F. Jergens construction. According to (DaytonOhio.gov
(2023)) there are 112 structures with a budget of $2,112,448 split between the 3
vendors. Alpha Demolition received a budget of $626,420; Bladecutter’s received a
budget of $739,440; and Charles F. Jergens construction received a budget of
$746,588. Bladecutters was established as a lawn care company in 1987 and during the
economic downturn in 2008 they seized an opportunity to help revitalize the city where
they began and continue to thrive. Alpha construction was founded in 2021 and as a
woman owned company was able to thrive in a male driven field. They are an Indiana
company but also licensed in the state of Ohio and with over 70 combined years of
experience, have proven to be a real competitor in the demolition field. Charles F.
Jergens is the oldest and most established of the three main competitors in the field of
demo. Established in 1972 they employ around twenty five persons all experienced in
their fields.
How did I Identify my Competition
Looking on Dayton Ohio’s website, I was able to find a list of the most recent
competition in Dayton Ohio for the service of demolition. Understanding the three major
competitors in Dayton and how they started out gave me a good idea of what I need to
focus on to be competitive. Once the three major competitors were identified I then
visited each of their websites and read their about the company statements, as well as,
a few other sections to learn how many employees they have and where they started. I
3
used the keyword approach to find each company’s website and employment numbers.
Understanding their beginnings and seeing where they are now gives me an idea of
how the companies came to be and what they focused on to get there.
Strategy
To stand out among large and established companies with an already solid
reputation D. C. Demolition must focus on what makes us different. How do we
Differentiate ourselves from the competition? “
Differentiation involves making your
products or services different from and more attractive than those of your
competitors.” (Mind Tools (2024)).
Well the first step is to be innovative in the way the
job is done and the tools used. D. C. Demolition will use roll-off trucks, hauling
construction dumpsters instead of standard dump trucks. This will not only allow us to
do the same job with less employees but at a faster rate. This innovation will also give
us a unique resource. Having roll-off dumpsters will give our consumers the opportunity
to have construction dumpsters on new developments, renovations, and other Dayton
beautification projects. Helping our main goal of renovation of the city through the
demolishing of the old and building of the new. With our current equipment we could
also volunteer to help with natural disaster relief or digging foundations for charity
projects such as habitat for humanity within the city limits. All of the jobs described can
be done with the same set of equipment we have and the overhead would be the same
as our normal operating standards due to the type of equipment we would be using.
Resources needed to do the job
Leadership and Experience:
As a small startup business the experience lies with my
partner and I. We both have ten years experience in the construction field giving us
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Related Questions
Nikos Anastopoulos of EMPROSS Strategic IT Consultants, leads the development of a new
football stadium. He developed the activities, durations, and predecessor relationships in the
following table for delivering company valuations.
Activity
A
B
C
D
E
F
G
H
1
J
K
L
ES
ID
EF
¤¯¯
SL
SL
LS
Time LF
Predecessor
A, B
C
E
F
E
D
D, G, I
1
Duration in Weeks
5
3
8
3
4
10
8
18
20
7
5
10
6A. Draw the Network Diagram, and identify and discuss the project duration and the
critical path using the following activity notation
arrow_forward
10.4 The staff of Jefferson Medical Services has estimated the following net cash flows
for a food services operation that it may open in its outpatient clinic:
Year
Expected Net Cash Flow
0
($100,000)
1
30,000
2
30,000
3
30,000
4
30,000
5
30,000
5 (salvage value)
20,000
The time 0 cash flow is the net investment outlay, while the final amount is the terminal cash flow. (The clinic is expected to move to a new building in five years.) All other flows represent net operating cash flows. Jefferson’s corporate cost of capital is 10 percent.
What is the project’s IRR?
Assuming the project has average risk, what is its NPV?
Now, assume that the operating cash flows in years 1 through 5 could be as low as $20,000 or as high as $40,000. Furthermore, the salvage value cash flow at the end of year 5 could be as low as $0 or as high as $30,000. What are the worst-case and best-case IRRs? The worst-case and best-case NPVs?
arrow_forward
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Activity
Description
Immediate Predecessor(s)
Time Estimates (Weeks)
Optimistic
Most Likely
Pessimistic
a
m
b
A
Order new machinery
---
1
2
3
B
Plan new physical plant
---
2
5
8
C
Determine safety changes in existing machinery
---
1
3
5
D
Receive equipment
A
4
10
25
E
Hire new employees
A
3
7
12
F
Make plant…
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5 project management issues faced in executing, monitoring, and controlling when rebuilding the elliott bay seawall and their solution strategies
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What is the minimum cost of crashing the following project at Sawaya Robotics by 4 days?
NORMAL
CRASH
TIME (DAYS) TIME (DAYS)
NORMAL
COST
8
6
6
4
ACTIVITY
Design (A)
Wiring (B)
Chip install (C)
Software (D)
Testing (E)
8
5335
400
1,000
600
1,000
1,100
CRASH
COST
450
1,100
700
1,300
1,625
IMMEDIATE PREDECESSOR(S)
A, B
C
The minimum cost of crashing the following project at Sawaya Robotics by 4 days is $900 (enter your response as a
whole number).
arrow_forward
What is the minimum cost of crashing the following project at Sawaya Robotics by 4 days?
ACTIVITY
Design (A)
Wiring (B)
Chip install (C)
Software (D)
Testing (E)
NORMAL
CRASH
TIME (DAYS) TIME (DAYS)
8
7
7
6
6
6
9
6
NORMAL
COST
400
1,100
700
900
1,200
CRASH
COST
550
1,300
800
1,250
1,950
IMMEDIATE PREDECESSOR(S)
The minimum cost of crashing the following project at Sawaya Robotics by 4 days is $
whole number).
A, B
C
(enter your response as a
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Problem 9-14 (Algorithmic)
Davison Construction Company is building a luxury lakefront home in the Finger Lakes region of New York. Coordination of the architect and subcontractors will require a major effort to meet
the 44-week (approximately 10-month) completion date requested by the owner. The Davison project manager prepared the following project network:
B
F
H
Start
C
G
Finish
D
E
Estimates of the optimistic, most probable, and pessimistic times (in weeks) for the activities are as follows:
Activity
Optimistic
Most Probable
Pessimistic
A
4
9
14
B
5
7
3
4
D
8
11
14
7
17
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ABC Company has several branches within the city. One of its branches is suffering from declining sales, andmanagement has a range of options:a. Shut down the branch and sell for P5Mb. Undertake a major renovationc. Undertake a cheaper renovationIn the past, 2/3 of renovation have achieved good results, while 1/3 achieved poor results. The major renovationwill cost P4M. Estimates of outcomes are as follows:a. Good results: P13.5M profitb. Poor results: P6.5M profitOn the other hand, there is a more economical renovation option that costs P2M. Estimates of outcomes areas follows:a. Good results: P8.5M profitb. Poor results: P 4M
Required: Prepare a decision tree and recommend what action would be taken:a. Shut down the branch and sell for P5Mb. Undertake a major renovationc. Choose the economical option
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hari
Salman bin abdulaziz University, Al Kharj
College of Business Administration
Management Department
Management Science (MGT321)
Name:
University No.:
Assignment 1
Exercisel
(a):
What do you mean by Linear Programming Problem? Write the general form of an LPP.
(b):
Cycle Trends is introducing two new lightweight bicycle frames, the Deluxe and the Professional,
to be made from aluminum and steel alloys. The anticipated unit profits are SAR 30 for the
Deluxe and SAR 35 for the Professional.
The number of pounds of each alloy needed per frame is summarized in the following table. A
supplier delivers 90 pounds of the aluminum alloy and 100 pounds of the steel alloy weekly.
How many Deluxe and Professional frames should Cycle Trends produce each week?
Table: Pounds of each alloy needed per frame
Frame
Aluminum Alloy
Steel Alloy
Deluxe
4
3
Professional
3
Formulate the above problem as linear programming problem.
Exercise2:
4
arrow_forward
Identify a potential improvement in the sustainability design process, site design, water systems design, closing material loops with alternative products and services, and indoor environmental quality, commissioning, and supply chain considerations to recommend for Chipotle Mexican Grill. Be sure to clearly explain the reasoning for each improvement and what you will need to do to apply them (i.e. budget and schedule). Further identify potential trade-offs, concerns, or risks that may be associated with these decisions (i.e. technology not ready, cost, timing, internal conflict, lacking commitment, etc.). Include specific suppliers of materials or services that may fit potential needs.
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Table 7.5 contains information about an environmental clean-up project in the township of Hiles. Shorten the project threeweeks by finding the minimum-cost schedule. Assume thatproject indirect costs and penalty costs are negligible. Identifyactivities to crash while minimizing the additional crash costs.
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8.35 Emerson Electric is considering the purchase of equipment that will allow
the company to manufacture a new line of wireless devices for home appliance
control. The first cost will be $80,000 and the life estimated is 6 years with a
salvage value of $10,000. Three different salespeople have provided estimates
regarding the added revenue the equipment will generate. Salespersons 1,2,
and 3 have made estimates of $10,000, $16,000, and $18,000 per year,
respectively. If the company's MARR is 8% per year, use a PW=based relation
to perform a sensitivity analysis to assist in the decision to purchase the
equipment. This question is in four parts.
Part 4: Based on the results of the sensitivity analysis using three different
salespeople's estimate of added revenue, what can you conclude about this
purchase?
The decision to purchase the equipment is sensitive to revenue estimates.
Recommend the purchase of the equipment..
Do not recommend the purchase of the equipment..
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Nikos Anastopoulos of EMPROSS Strategic IT Consultants, leads the development of a new football stadium. He developed the activities, durations, and predecessor relationships in the following table for delivering company valuations.
Activity
Predecessor
Duration in Weeks
A
-
5
B
-
3
C
A, B
8
D
C
3
E
-
4
F
E
10
G
F
8
H
E
18
I
D
20
J
D, G, I
7
K
I
5
L
H
10
6A. Draw the Network Diagram, and identify and discuss the project duration and the critical path using the following activity notation:
the first pic:
First: Draw the precedence diagram.
Second: Using the notation given identify the duration of the project: you can type it.
Third: identify the critical part and explain the critical path.
Fourth: Explain your answer. This can be done by describing the process and the observations done once the answer has been found.
6B. Draw the project’s Gantt chart
First: The…
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MOORE HOUSING CONTRACTORS
Moore Housing Contractors is negotiating a deal with
Countryside Realtors to build six houses in a new develop-
ment. Countryside wants Moore Contractors to start in late
winter or early spring, when the weather begins to moder-
ate, and build on through the summer and into the fall. The
summer months are an especially busy time for the realty
company, and it believes it can sell the houses almost as
soon as they are ready, and maybe even before. The houses
all have similar floor plans and are of approximately equal
size; only the exteriors are noticeably different. The comple-
tion time is so critical for Countryside Realtors that it is
insisting that a project management network accompany the
contractor's bid for the job, with an estimate of the comple-
tion time for a house. The realtor also needs to be able to
plan its offerings and marketing for the summer. It wants
each house to be completed within 45 days after it is started.
Activity
b
C
d
f
8
h
i
j
k…
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12:45 1
ll
( BBA E3|Batch 2020 assignment 1.pdf
Institute of Innovation in Technology & Management, New Delhi
E COMMERCE
Assignment
1. Do you believe in E-Commerce, why? Discuss the advantages of E-
Commerce.
2. How E-business is different from E-commerce?
3. What is an electronic wallet?
4. Explain the challenges being faced by E- Commerce businesses.
5. Discuss an example from your experience about any company
conducting E-Commerce.
6. How is the global economy being affected by ecommerce?
• Last date of submission: 15 July'21.
• Assignment must be hand written.
• Upload PDF only.
• Assignment carries 5 marks which will be considered at the time of
final internal assessment.
Each page must have your name written on top
arrow_forward
Variable cells
Cell
Name
Final Value
Reduced Cost
Objective Coefficient
Allowable Increase
Allowable Decrease
$B$6
Activity 1
3
0
30
23
17
$C$6
Activity 2
6
0
40
50
10
$D$6
Activity 3
0
–7
20
7
1E+30
Constraints
Cell
Name
Final Value
Shadow Price
Constraint R.H. Side
Allowable Increase
Allowable Decrease
$E$2
Resource A
20
7.78
20
10
12.5
$E$3
Resource B
30
6
30
50
10
$E$4
Resource C
18
0
40
1E+30
22
If the right-hand side of Resource B changes to 10, then the objective function value:
Multiple Choice
will decrease by $120.
will decrease by $60.
will decrease by $20.
will remain the same.
can only be discovered by resolving the problem.
arrow_forward
Variable cells
Cell
Name
Final Value
Reduced Cost
Objective Coefficient
Allowable Increase
Allowable Decrease
$B$6
Activity 1
3
0
30
23
17
$C$6
Activity 2
6
0
40
50
10
$D$6
Activity 3
0
–7
20
7
1E+30
Constraints
Cell
Name
Final Value
Shadow Price
Constraint R.H. Side
Allowable Increase
Allowable Decrease
$E$2
Resource A
20
7.78
20
10
12.5
$E$3
Resource B
30
6
30
50
10
$E$4
Resource C
18
0
40
1E+30
22
What is the allowable range for the right-hand-side for Resource C?
Multiple Choice
18 ≤ RHSc ≤ ∞
∞ ≤ RHSc ≤ 62
−2 ≤RHSc ≤ ∞
− ∞ ≤ RHSc ≤ 40
0 ≤ RHSc ≤ 22
arrow_forward
What is the minimum cost of crashing the following project at Sawaya Robotics by 4 days?
NORMAL
CRASH
TIME (DAYS) TIME (DAYS)
9
7
7
6
5
4
6
4
9
6
ACTIVITY
Design (A)
Wiring (B)
Chip install (C)
Software (D)
Testing (E)
The minimum cost of crashing the following project at Sawaya Robotics by. 4 days is $
NORMAL
COST
200
800
600
1,100
1,200
CRASH
COST
300
875
675
1,300
1,875
IMMEDIATE PREDECESSOR(S)
(enter your response as a whole number).
A, B
C
arrow_forward
Angel healthcare Ltd., has 2 investment opportunities, each costing $120000 and each have expected profit as shown below: Years Project "A' Project "B' ($) ($) 1 40000 30000 2 30000 40000 3 20000 35000 4 15000 30000 Year 1 2 3 PVIF @ 10% 0.909 0.826 0.751 4 0.683 Compute NPV & Profitability Index, Suggest which Project to be preffered at 10%cost of capital
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The Custom Bike Company has set up a weighted scoring matrix for evaluation of potential projects. Following are five projects under consideration. Criteria Strong sponsor Supports business strategy Urgency 10% of sales from new products Competition Fill market gap Weight 2 4 2 5 1 2 Project 1 6 8 9 5 4 0 Project 2 9 8 4 2 7 10 Project 3 3 2 3 9 4 8 Project 4 9 6 6 1 4 0 Project 5 6 0 7 4 1 0 Using the scoring matrix above, what score would you give to each project?
arrow_forward
Topic: Application of the hybrid system energy in Kuwait and answer following question
1:Provide a brief description of problem context
2:Defining your problem requirements
3:Defining the main constraints and limitations faced by your project
arrow_forward
At a local university, the Student Commission on Programming and Entertainment (SCOPE) is preparing to host its first rock concert of the school year. To successfully produce this rock concert, SCOPE has listed the requisite activities and related information in the following table (duration estimates measured in days).
Immediate
Most
Activity
Predecessor(s)
Optimistic
Probable
Pessimistic
A:
Negotiate contract with
-
10
11
12
selected musicians
B:
Reserve site
-
8
10
12
C:
Manage travel logistics
A
2
7
9
for music group
D:
Screen & hire
B
4
5
6
security personnel
E:
Arrange advertising
C
7
7
7
& ticketing
F:
Hire parking staff
A, D
8
9
16
G:
Arrange concession sales
E
6
7
11
Which project network is correct? IMG is attached
Compute the expected duration and variance of each activity. If required, round your answer to two decimals. If your answer is zero, enter “0”.…
arrow_forward
At a local university, the Student Commission on Programming and Entertainment (SCOPE) is preparing to host its first rock concert of the school year. To successfully produce this rock concert, SCOPE has listed the requisite activities and related information in the following table (duration estimates measured in days).
Immediate
Most
Activity
Predecessor(s)
Optimistic
Probable
Pessimistic
A:
Negotiate contract with
-
10
11
12
selected musicians
B:
Reserve site
-
8
10
12
C:
Manage travel logistics
A
2
7
9
for music group
D:
Screen & hire
B
4
5
6
security personnel
E:
Arrange advertising
C
7
7
7
& ticketing
F:
Hire parking staff
A, D
8
9
16
G:
Arrange concession sales
E
6
7
11
arrow_forward
Describe the differences between Gantt charting, FCS, and the theory of constraints.
arrow_forward
Explain all parts
Colonial State College is considering building a new multipurpose athletic complex on campus. The complex would provide a new gymnasium for intercollegiate basketball games, expanded office space, classrooms, and intramural facilities. The following activities would have to be undertaken before construction can begin.
Activity
Description
ImmediatePredecessor
Time(weeks)
A
Survey building site
5
B
Develop initial design
9
C
Obtain board approval
A, B
13
D
Select architect
C
3
E
Establish budget
C
5
F
Finalize design
D, E
14
G
Obtain financing
E
11
H
Hire contractor
F, G
9
A) Draw a project network. (Submit a file with a maximum size of 1 MB.)
B) Identify the critical path. (Enter your answers as a comma-separated list.)
C)
Develop the activity schedule for the project.
Activity
EarliestStart
LatestStart
EarliestFinish
LatestFinish
Slack
A
B
C
D
E
F
G…
arrow_forward
Ross Hopkins, president of Hopkins Hospitality, has developed the tasks, durations, and predecessor relationships in the following table for building new motels
Activity a m b Immediate Predecessor(s) Activity a m b Immediate Predecessor(s)A 6 8 12 - G 2 3 4 C, EB 1 9 24 A H 2 2 2 FC 8 14 16 A I 7 7 7 FD 4 7 10 A J 6 7 12 D, G, HE 1 2 4 B K 1 1 4 I, JF 6 9 20 C, E
a) The expected (estimated) time for activity C is
13.33
weeks. (Round your response to two decimal places.)
b) The variance for activity C is
1.78
weeks. (Round your response to two decimal places.)
c) Based on the calculation of the estimated times, the critical path is
A - C - F - H - J - K
d) The estimated time for the critical path is
43.1643.16
weeks. (Round your response to two decimal places.)
e)…
arrow_forward
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Related Questions
- Nikos Anastopoulos of EMPROSS Strategic IT Consultants, leads the development of a new football stadium. He developed the activities, durations, and predecessor relationships in the following table for delivering company valuations. Activity A B C D E F G H 1 J K L ES ID EF ¤¯¯ SL SL LS Time LF Predecessor A, B C E F E D D, G, I 1 Duration in Weeks 5 3 8 3 4 10 8 18 20 7 5 10 6A. Draw the Network Diagram, and identify and discuss the project duration and the critical path using the following activity notationarrow_forward10.4 The staff of Jefferson Medical Services has estimated the following net cash flows for a food services operation that it may open in its outpatient clinic: Year Expected Net Cash Flow 0 ($100,000) 1 30,000 2 30,000 3 30,000 4 30,000 5 30,000 5 (salvage value) 20,000 The time 0 cash flow is the net investment outlay, while the final amount is the terminal cash flow. (The clinic is expected to move to a new building in five years.) All other flows represent net operating cash flows. Jefferson’s corporate cost of capital is 10 percent. What is the project’s IRR? Assuming the project has average risk, what is its NPV? Now, assume that the operating cash flows in years 1 through 5 could be as low as $20,000 or as high as $40,000. Furthermore, the salvage value cash flow at the end of year 5 could be as low as $0 or as high as $30,000. What are the worst-case and best-case IRRs? The worst-case and best-case NPVs?arrow_forward9. The Stone River Textile Mill was inspected by OSHA and found to be in violation of a number of safety regulations. The OSHA inspectors ordered the mill to alter some existing machinery to make it safer (e.g., add some safety guards); purchase some new machinery to replace older, dangerous machinery; and relocate some machinery to make safer passages and unobstructed entrances and exits. OSHA gave the mill only 35 weeks to make the changes; if the changes were not made by then, the mill would be fined $300,000. The mill determined the activities that would have to be completed and then estimated the indicated activity times, as shown in the table below. Activity Description Immediate Predecessor(s) Time Estimates (Weeks) Optimistic Most Likely Pessimistic a m b A Order new machinery --- 1 2 3 B Plan new physical plant --- 2 5 8 C Determine safety changes in existing machinery --- 1 3 5 D Receive equipment A 4 10 25 E Hire new employees A 3 7 12 F Make plant…arrow_forward
- 5 project management issues faced in executing, monitoring, and controlling when rebuilding the elliott bay seawall and their solution strategiesarrow_forwardWhat is the minimum cost of crashing the following project at Sawaya Robotics by 4 days? NORMAL CRASH TIME (DAYS) TIME (DAYS) NORMAL COST 8 6 6 4 ACTIVITY Design (A) Wiring (B) Chip install (C) Software (D) Testing (E) 8 5335 400 1,000 600 1,000 1,100 CRASH COST 450 1,100 700 1,300 1,625 IMMEDIATE PREDECESSOR(S) A, B C The minimum cost of crashing the following project at Sawaya Robotics by 4 days is $900 (enter your response as a whole number).arrow_forwardWhat is the minimum cost of crashing the following project at Sawaya Robotics by 4 days? ACTIVITY Design (A) Wiring (B) Chip install (C) Software (D) Testing (E) NORMAL CRASH TIME (DAYS) TIME (DAYS) 8 7 7 6 6 6 9 6 NORMAL COST 400 1,100 700 900 1,200 CRASH COST 550 1,300 800 1,250 1,950 IMMEDIATE PREDECESSOR(S) The minimum cost of crashing the following project at Sawaya Robotics by 4 days is $ whole number). A, B C (enter your response as aarrow_forward
- Problem 9-14 (Algorithmic) Davison Construction Company is building a luxury lakefront home in the Finger Lakes region of New York. Coordination of the architect and subcontractors will require a major effort to meet the 44-week (approximately 10-month) completion date requested by the owner. The Davison project manager prepared the following project network: B F H Start C G Finish D E Estimates of the optimistic, most probable, and pessimistic times (in weeks) for the activities are as follows: Activity Optimistic Most Probable Pessimistic A 4 9 14 B 5 7 3 4 D 8 11 14 7 17arrow_forwardABC Company has several branches within the city. One of its branches is suffering from declining sales, andmanagement has a range of options:a. Shut down the branch and sell for P5Mb. Undertake a major renovationc. Undertake a cheaper renovationIn the past, 2/3 of renovation have achieved good results, while 1/3 achieved poor results. The major renovationwill cost P4M. Estimates of outcomes are as follows:a. Good results: P13.5M profitb. Poor results: P6.5M profitOn the other hand, there is a more economical renovation option that costs P2M. Estimates of outcomes areas follows:a. Good results: P8.5M profitb. Poor results: P 4M Required: Prepare a decision tree and recommend what action would be taken:a. Shut down the branch and sell for P5Mb. Undertake a major renovationc. Choose the economical optionarrow_forwardhari Salman bin abdulaziz University, Al Kharj College of Business Administration Management Department Management Science (MGT321) Name: University No.: Assignment 1 Exercisel (a): What do you mean by Linear Programming Problem? Write the general form of an LPP. (b): Cycle Trends is introducing two new lightweight bicycle frames, the Deluxe and the Professional, to be made from aluminum and steel alloys. The anticipated unit profits are SAR 30 for the Deluxe and SAR 35 for the Professional. The number of pounds of each alloy needed per frame is summarized in the following table. A supplier delivers 90 pounds of the aluminum alloy and 100 pounds of the steel alloy weekly. How many Deluxe and Professional frames should Cycle Trends produce each week? Table: Pounds of each alloy needed per frame Frame Aluminum Alloy Steel Alloy Deluxe 4 3 Professional 3 Formulate the above problem as linear programming problem. Exercise2: 4arrow_forward
- Identify a potential improvement in the sustainability design process, site design, water systems design, closing material loops with alternative products and services, and indoor environmental quality, commissioning, and supply chain considerations to recommend for Chipotle Mexican Grill. Be sure to clearly explain the reasoning for each improvement and what you will need to do to apply them (i.e. budget and schedule). Further identify potential trade-offs, concerns, or risks that may be associated with these decisions (i.e. technology not ready, cost, timing, internal conflict, lacking commitment, etc.). Include specific suppliers of materials or services that may fit potential needs.arrow_forwardTable 7.5 contains information about an environmental clean-up project in the township of Hiles. Shorten the project threeweeks by finding the minimum-cost schedule. Assume thatproject indirect costs and penalty costs are negligible. Identifyactivities to crash while minimizing the additional crash costs.arrow_forward8.35 Emerson Electric is considering the purchase of equipment that will allow the company to manufacture a new line of wireless devices for home appliance control. The first cost will be $80,000 and the life estimated is 6 years with a salvage value of $10,000. Three different salespeople have provided estimates regarding the added revenue the equipment will generate. Salespersons 1,2, and 3 have made estimates of $10,000, $16,000, and $18,000 per year, respectively. If the company's MARR is 8% per year, use a PW=based relation to perform a sensitivity analysis to assist in the decision to purchase the equipment. This question is in four parts. Part 4: Based on the results of the sensitivity analysis using three different salespeople's estimate of added revenue, what can you conclude about this purchase? The decision to purchase the equipment is sensitive to revenue estimates. Recommend the purchase of the equipment.. Do not recommend the purchase of the equipment..arrow_forward
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