Answered: Patents per year (E) 9.1 Alternative…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Recent research indicates that corporations throughout the world need employees who demonstrate creativity and innovation for new processes and products. One measure of these talents is the number of patents approved each year through the R&D efforts of a company. Table represents the information for mutually exclusive alternatives. Columns 2 and 3 give annual cost (C) and number of patents in a year (E). Use cost- effectiveness analysis to select the best alternative.

Alternative
Cost C, S/Year
Patents per year (E)
CER
W
10000
9.1
X
8000
1.9
Y
8500
2.1

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