Essays on Cost-Benefit Analysis

Sunrise: A Song of Two Humans was first released in 1929, but the story itself feels as though it has been told time and again through the ages. In this film, a married man meets a woman—a dangerous, beautiful woman—who tries to lure him away from his dutiful wife. What begins seemingly as a crime story evolves into exactly what the title suggests: it is the song of two humans and their relationship to each other over the course of the film (Sunrise: A Song of Two Humans, 1929). It is important to note that Sunrise is ...

Business Problem

Abstract In today’s business world, customer service is a crucial part of the business practices aimed at growing the company and increasing overall effectiveness in the supply chain. Customer satisfaction is an important factor when it comes to customer service and it relates to the customers being satisfied with the services they get in terms of availability of information, speedy responses, and overall convenience. Many companies today have not been active in providing efficient customer service. This is because they rely on traditional communication channels and strategies such as the use of e-mail services and landline phone communications. ...

Strategic planning relates to the development of strategic thinking, strategic decision-making as well as the identification of organizational goals and resources. This enables the conversion of organizational goals into results. The process integrates the planning function with the ongoing management. The strategic planning process often begins with the analysis of the strengths, weaknesses, opportunities and threats which help to develop an understanding of the internal and external positions of the organization. In the SWOT analysis, the strengths of the company will be identified as well as how they can be used to achieve the business goals. The weaknesses will ...

BTMN632-9040

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Sources of capital

The sources of funds for the company are divided into two categories means that the company is going to collect funds from two sources. These two sources of funds include debt and equity. The company is going to receive total long term debt of $13,000,000 from the financial institutions. This long term debt and capital from equity will be the major sources of the capital to the company. For now, the equity is held by the owners or the founders of the company that are also going to play the major roles within the organization as ...

Sources of capital

The sources of funds for the company are divided into two categories means that the company is going to collect funds from two sources. These two sources of funds include debt and equity. The company is going to receive total long term debt of $13,000 from the financial institutions. Apart from debt, the company is going to receive capital from the equity holders as the company is going to issue 100 preferred stocks and 100 common stocks at the beginning of the business. This long term debt and capital from equity will be the major sources of the ...

With the rising technological advancement and the need for efficiency in operation for any company, there is always a need for the development of a solution to meet these needs. In the case of Catacombs Inc., there are various technological solutions that will need to be implemented to make it competitive, deliver great customer satisfaction and increase its efficiency. This study is going to discuss the requirement, solution and the cost-benefit analysis of the proposed solution.

Requirements Analysis

The requirements for the company to implement an efficient solution are discussed as below: There is the robustness requirement in the system. This ...

As afore-mentioned, knowledge deficit is a major problem facing the management of pediatric asthma. Asthma management cannot be optimal devoid of a proper understanding of various self-efficacy and asthma monitoring skills. This explains why an asthma education program for this patient population is quite promising in terms of addressing the problem. Imparting this new knowledge (knowledge on asthma management and self-efficacy) can be viewed under the lens of the Diffusion of Innovations Theory by Everett Rogers. This theory is pretty relevant and in line with this EBP project since it essentially seeks to transmit new ideas or new knowledge ( ...

Introduction

This report has been structured and submitted to give insight regarding issues in health that are related to lighting and specifically the cost-benefit analysis that accrue due to the use of LED devices in the medical facilities. This is having in mind the fact that the research is linked to the people who serve as the medical practitioners and or engineers in the medical facilities. It applies the scholarly findings and analysis of these findings in a way that aims at coming up with clear reasons as to why the LED lighting should be considered as the best alternative ...

Saving v/s Investment

Although used interchangeably, the terms savings and investment differs significantly. Important to note, the term savings refers to short-period investment in highly liquid products that allow the depositor/investor to access money any time or with minimal hassle. Some of the saving based instruments available for the investors are saving account, certificate of deposits, checking accounts,et cetera. Another notable feature of saving is that the money deposited is insured by the Federal Deposit Insurance Corporation (FDIC). Therefore, a saving carries minimal risk as in any condition,i.e. even if the bank defaults, the deposit will be safeguard up to ...

Abstract

This memo describes the understanding of how to make important decisions. First it addresses the description of three criteria in detail that determine whether the manager is making good decisions and what should be done to better assure that the manager making a good decision. Then there will be given one of the Big Four Company’s project manager example as a good decision-maker. In conclusion there will be discussed the accuracy of business assumptions of automobile manufacturer and airline company.

How To Make Important Decision

There are managers with different levels and functions in every organization. However not every manager is a good ...

The Blackberry Company does not have plans to exit the Smartphone market despite the surmounting pressure from the investors and analysts. The company is also experiencing massive job cuts, which mean the company is losing experienced and well-trained personnel. To revive its glory, Blackberry should do a number of activities. First, the company should listen to the clients and get to know what people need. The company should conduct surveys on the clients and get feedback on what should the company improve and add to the gadget (Kelley 3). In any business, feedback from clients plays a significant role ...

I think that my colleagues are giving me good advice by telling me that the idea to leave New York City and settle in the Farmlands of Illinois. I think it is a good idea based on analyzing the pros and cons of the idea. There are two major decision-making techniques that can be used to analyze managerial decisions. These two methods include the cost-benefit analysis; and the pros-and-cons method. As the name suggests, the cost-benefit analysis involves evaluating each alternative by looking at the costs and benefits of that decision (Thomas & Maurice, 2015). The pros-and-cons method involves looking ...

The world is fast changing. Advancement in technology has seen companies make some hard but worthwhile choices so as to remain viable and in business. And the field of prototyping as well is rapidly evolving. According to Bak (2003), new technologies in 3D printing have enabled companies to print massive volumes of complex designs in a short period, an undertaking that used to take a lot of time and labor resources. Every existing and upcoming business is focusing on maximizing profits and minimizing costs. Family businesses, however small, are no exception as well. The current situation at EGCM is ...

Executive Summary

Introduction The family is entering into the property market by developing a four-floor rental building. The rental property will be completed in one year and will have forty units.

Statement of needs

The aim of the family is to gain financial stability in the face of the imminent retirement of the household head, the deficits in the family budget, and the financial struggles to finance the college education of the two children.

Financial Information

The cost of the development is 2,583,000 dollars. The family will seek financing for 250,000 dollars at an interest of 17% to be paid in 5 years. ...

An Electronic Medical Record is a digital record of a patient’s chart and it contains their medical history. The computerised system implementation has been unsuccessful in some health care facilities. In most cases, user resistance has been the main factor why the systems have failed. The advantages of the systems are numerous ranging from improved quality care, increased patient satisfaction, financial savings, and decreased time spent on paper records. The following paper will evaluate the benefits of EMR in matters of cost, quality, and patient satisfaction. Electronic medical records have a number of benefits like prevention of medical ...

Intel Case Study

Internal recruitment would suggest finding trainers inside the company, establishing compensation system for overtime for trainers or employee layoff for the period of trainings. Significant benefit of this option is that supposed trainers already knows operations standards of the company and can provide more in-depth analysis and trainings of higher quality comparing to invited mentors. Also, reallocating current employees helps to save money associated with hiring new members of the factory.

Cost-benefit analysis for internal recruitment:

Cost of cross training: an employee 20 hours (1 week at 4 hours of training per day) x $12(avg hourly wage of warehouse employee) + bonuses for overtime ( ...

The investigative plan is aimed to decrease the level of robbery by enforcement of criminal policies carried out by local government by combining both the prevention and conservative programs and deterrence programs. The main objective is to create a plan that will address the frequency of daytime robbery attacks in the area for failure to strictly implement the law and reinforce the defined goals of the community.

As an initial step, the technical methods that will be included in the investigative plan will be composed of the planning, programming and budgeting systems (PPBS) and the cost benefit analysis to assess ...

Introduction

Over the recent past, juvenile delinquency has been a hotly contested issue in the city of Centervale. This has been attributed to the continuous upsurge of criminal activities. As indicated in the official data, there is an increase of status offenses particularly curfew and truancy. The city’s police department has also reported that numbers of minor arrests involving vandalism, larceny, illegal entry and assault has consistently increased. Juvenile offending has also seen a rapid rise in the number of incidents involving female offenders.

The local residents have developed an assumption that children have gone out of control. Despite juvenile justice ...

The health status of the employees in any given organization determines a lot the progress to be realized in the organization. It is always prudent for the top management to put place measures to address issue related with the health care status (Dursi 2008). Majority of the organizations are carrying out health promotional programs and this if well implemented works to the advantage of the organization. In that, it will be easier to improve the efficiency of the employees since medication will always be timely (Glied 2008). Again, employees will not have to dig into their pockets in times of ...

Alternative solutions and analysis

Employee turnover is a major problem for any business, particularly a business in the service sector where the relationships created by the employee are as important as the job itself. In this case, the NGO is facing a very high employee turnover and alternative solutions to the problem are being investigated. High employee turnover is a major problem because of the costs associated with recruitment and training of a new employee. It has been established that most of the employees who leave usually do so within the first 12 months on the job which means that the company is not able to recover the ...

Cost Benefit Analysis for Measuring Safety Measures

Cost-Benefit Analysis is a method of estimating monetary values of Benefits and Costs associated with a project and then reaching a conclusion whether each aspect of a project is desirable up to a certain level or not. The main problem with this approach is that some of the benefits can be expressed in a measurable unit like money while other cannot be expressed in a similar way. Consider a project where workload is exceeding the limitation of resources, should you consider adding a new team member? The answer can be quantified in terms of costs and benefits where benefits can be expressed in terms of money value and ...

Executive summary

With the fast adoption of information systems in many organizations, there is a need to have healthcare information systems integrated in hospitals. This will improve the working of the hospital staff and will enhance the quality of services that will be offered by the staff in the hospitals. The process of integrating information systems to organizations requires a thorough understanding of what the information systems will solve. There is a need to understand the requirements of the organization and how the information system will bring efficiency. There is a need to understand the aligning of the business needs and that of the business. ...

Introduction/Summary

As per the article by Bernard Siegel, the decisions to whether to buy a health insurance or not have been the subject of debate among people. Here, affordability is said to play a vital making choices. As such, many young people tend to weigh their budgets against the risks involved. The risks (chance of incurring medical costs of at least $ 27000 by 2011) attributed to the young people (25-34 years) is estimated to be about 5%. About 6 million people are anticipated to pay the penalty for not buying a health insurance policy, which will increase proportionately with an individual’s adjusted ...

The Ford Pinto Case

The Ford Pinto Case is arguably one among the most controversial cases on matters of ethics and criminality. While some think that the case is the perfect definition of legality versus ethics, other think that this is more a matter of ethical conduct in the corporate world. The case revolves around the design of the subcompact Ford Pinto Car that was designed in the late 1960s and grew popular in the early 1970s. The crash tests on the car indicated that the design was not satisfactory as it exposed the users of the car to potential burn injuries and deaths ...

Introduction

Management Information system is a system of processing data in an organization and presenting it to the management in the form of reports which are used for decision making. It is a broad term which refers to a system of processing information and producing regular and timely reports. (O’Brien, 1999). Risk management refers to the management of the identification and assessment of risks and finding means to monitor, control and minimize them. (Hubbard, 2009).

Types of Business Risks

A business organization faces a number of risks. These risks are broadly classified into the following categories – (Jolly, 2003). - Strategic Risk – Risks to the business ...

Question 1

Importance of Environmental Analysis Figure 1: Maslow Hierarchy Theory of Motivation Doing a business in the unstable economies like Nigeria is not an easy task where people still strives to get the necessities of living. As a result, it becomes essential for organizations specially the educational institutes to analyze the standard of living and average basic needs that population need to be satisfied. Abraham Maslow proposed the theory of hierarchy which consist of five level of needs that human tends to fulfill including psychological, security, belongingness, self-esteem and self actualization. The theory states that in order to achieve the ...

Abstract

Introduction The thing through which a country gets appreciation is its core expertise and appreciation in the economic function, because the economic functions usually have the tradeoff of two important things known as earning and consumption. In fact the father of economics, Alfred Marshal and Adam Smith found the same tradeoff in the market for their economic consequences particularly. This is an important aspect that delivers the best services in town for the country in all over the world (Gaisford & Kerr, 2001). The concept of economics is an important one for the countries and economies from all over ...

1-Description: Coca-Cola is the top ranking beverage brand on the globe. Resources say that Coca-Cola licenses and markets almost 500 beverage brands including waters, juices, sports drinks and disposable coffees and teas. It has world’s largest distribution system in almost 200 countries. The production process of coke is an interesting but complex procedure. Factors of production involved in the business are generalized as land, labor, capital and enterprise. Capital requirements for Coca-Cola consist of machinery required for the production of bottles and the cola drink it in bulks. Labor refers to the managers, supervisors, production staff and ...

The basic premise behind what cost-benefit analysis, also known as CBA, represents is based on a rejection of ethical evaluations that have been based upon the assumptions of abstract moral principles. In this sense, CBA presents a differentiation from those ethical intentions that are underlined by principles based in logical argumentation, rather than experience based in the real world. Furthermore, these notions present an assumption that there can, indeed, be a morally guided justification that is based in relevant interpretations of those events that have been presented as such. What sets cost benefit analysis apart from other forms of ethical frameworks ...

Introduction

In order to critically analyze the theories surrounding the development of tourism, it is crucial that this paper provide a brief picture of the situation of tourism sector in developing states. For the past few centuries, the definition of tourism as well as travel has evolved tremendously (Cohen 2010, p.5). For decades, traveling has been known to be a simple and temporary journey that focuses on leisure, pleasure and recreational reasons, in other terms, a luxury item. The 20th Century proved this wrong by ushering in a paradigm shift in regard to tourism. The transition has been found to have taken move between ...

Answer to Q. 1

- “Cost minimisation analysis - outcomes equivalent”: Maximizing health outcomes is the important goal as per the economists. But, keeping the costs of public health interventions, programs, and policies and from an economist’s perspective, low is an important goal. The 1st type deals with problem identification. Economic impact analyses are sometimes called “cost of illness estimates,” or “impact analyses.” Normally annual total costs for a group, or cohort, of people with the disease, regardless of when the disease first occurred. This is called prevalence-based approach. - cost effectiveness analysis : Cost-effectiveness analysis (CEA) describes consequences in clinical ...

Business environment has changed over a period and continues to change day by day. Those operations that seemed efficient and very effective in the olden days have since become poor methods of productions (Peter, 2012). Both the internal and external environment is very dynamic and any business that wants to remain relevant in the business world has to take keen interest on the contemporary issues. Managers should be vigilant in studying the current trend and making future forecast to ensure that they remain relevant in their operations (Peter, 2012). Pharmaceutical firms are no exceptional in this problem. They, just like ...

Management

Part One Introduction In the past few decades, the technology advancement drastically revolutionized the electrical lighting sector. The changes have primarily focused on both climatic effects and efficiency in varying environments. The most decorated milestone in the advancement in technologies in the electrical system is the development of light-emitting diode (LED). The report evaluates the importance of adopting the LED lighting systems in replacing the outdated fluorescent lights. The two lighting systems basically offer diversified characteristics in terms of photometrical and electric performance (MyLEDLightingGuide, 2011). The main objective of the paper is to establish a comprehensive, cost ...

Reg No

Designation Introduction The critical thinking paper begins with the discussion of health financing concept. The paper explains the process and techniques that will be used in designing the healthcare services package as well as health financing mechanism/s for Province A in country Y. Priority setting and Programme Budgeting and Marginal analysis techniques are discussed in a critical manner and recommended to be the techniques established for the health care package at Province A. Economic evaluation methods are discussed with Cost benefit analysis recommended for the case. The Strategies for implementation of health care system at Province A are ...

One of the key functions of the government is to support access of key services like health and education. In that respect, the government applies strategies like subsidization to enhance access of such services for all including the low income class. However, there are critics about the efficiency of such efforts and this analysis seeks to analyze such efforts’ costs and benefits as well as efficiency. To achieve the objective, the analysis explains the effects that lack of public education would have to both low and upper income classes. Further, the analysis evaluates critics and success of public education ...

The September 11, 2001 (9/11) terrorist attack in the United States of America has brought this common and urgent query if the country is safe to all the citizens who live in for a better living. Asking this question is wrong; America is still a safe place to everyone. It is safer since the government has a massive increased in homeland security and the expenditures are high. The best and correct query is that, if the expenditures in the security have its worth. Howard Kunreuther, analyst, raised the central question after the 9/11 terrorist attack that how much do the government is ...

Executive summary

As the newly appointed head of the travel and hotel support operations strategic unit of this company, I have thoroughly schemed through these units activities and would like to present my suggestions on some of the changes that need to be made in the company’s operational activities. My role as the head of the operations strategic unit is to manage the product portfolio of this unit. The operations unit is responsible for providing all the services offered by this company to its various clients. I have scrutinized my area of control and have come up with a concrete proposal ...

Criminal Law

Abstract This paper will discuss the measures the government will have to take to decrease the level of robbery which will include the criminal policies that has combined both prevention and conservative and deterrence programs. The main problem is the failure to strictly implement the law and weakly defined goals. The technical methods shall also be discussed such as planning, programming and budgeting systems (PPBS), and the cost benefit analysis in order to determine the efficiency of the program. Another consideration to ensure the efficiency of the policy is to address the targeted issue. The best way to ...

In order to balance the management of the values and benefits created for developers it is important to conduct a feasibility study of the project from operational and economic perspective. Carrying out a feasibility study can significantly help the manager to achieve the success of the business more than what novelty of the innovation can achieve (Briggs, Claxton & Sculpher 2011). This study can help the firm to assess the competitors, assess the strength and weaknesses, and assess the wiliness of the customers to buy their products generally evaluate the project’s financial viability. Therefore, in order to achieve the balanced development ...

Global Warming: Applying Cost-Benefit Analysis

Introduction This research paper highlights the application of cost benefit analysis in global warming with the aim of improving environmental decision-making in practice. It draws on experiences of applying economic analysis to global warming matters.

Contributions of Economics Global warming

The UN reports that global warming could lead to a rise in sea level up to 6 inches and 2 feet during the next century years, relatively less than the 20 feet in a quarter of a century that has been reported. Commonly, it is notable to realize that the sea level risen a foot during the last 150 years. Heat associated deaths across the globe are ...

Engines that use diesel or gasoline might look similar to an untrained eye. However, diesel engines are much older, and they are mostly used for heavy machinery. On the other hand, gasoline is commonly used in personal vehicles and light machinery. Therefore, both fuels have their own advantages leading us to ask the pertinent question on the best source of fuel. This question arouses different feelings in consumers of diesel and gasoline. The main factors to consider in this case are intended use and price of the type of fuel. In terms of efficiency of function and pricing, diesel ...

Several general issues exist in relation to costs. When doing a cost benefit analysis, it is important that these issues be considered. In the first place, a decision has to be made on which costs are to be included and those that are not to be included in the analysis. Direct costs are mostly considered in the evaluation of costs. These costs can be measured in monetary terms. They can also be traced directly to the project. An example of a direct cost includes labour costs. The wages paid to the labors and the cost of purchasing a machine can be easily traced ...

Introduction

Cost benefit analysis involves weighing the cost of preventing and curbing the climate change and its effects compared to the benefits derived in the efforts to curb climate change and its effects. In economics the determination of future value of the projects put in place usually involves the use discount rate which is a factor of time and the level of investment in terms of money and capital. This exercise of cost benefit analysis on prevention of climate change involves research which requires accuracy in relation to estimation of the costs that will be incurred in curbing climate change and ...

Appendix

Executive Summary - Introduction - Methodology - Benefit and Cost Categories - Forecasting Methodology and Decision Criteria - Assumption - Analysis - Project Analysis (commentary and summary of base case results) - Sensitivity Analysis - Evaluating the project - Risk Analysis - Conclusion/Recommendation Executive Summary The cost benefit analysis is the fundamental appraisal tool under the public spending sector. The paper provides an approach by which the cost incurred in e-government project is compared against the expected benefits so that the government can be able to ...

Abstract

The economy has plummeted over recent years. Managers, business bureaucrats, and even retailers need to keep on finding new ways to keep their businesses alive. Consumer behaviour has greatly changed due to unforeseeable economic trends. This has seen the concept of value coming into play. Hard economic times call for stringent measures. Economists have stressed the importance of understanding the true meaning of value and the relationship between consumer and products value. Consumers trust value when judging the quality of a product. This calls for better quality management options when pricing a products real value. Different commodities have different values to ...

Team Members

Introduction Company Overview The company that will be assessed for the project is Dalton, Walton, & Carlton, Inc., which is located in Kansas City, in Mo house. It is in the business of architecture and has approximately 250 employees who are distributed in four cities within the region. The main office in Kansas houses approximately 100 employees and is housed in the main suburb of a neighborhood where security is not regarded as a main concern. An assessment of the security needs will be undertaken and worked on in order to have a secure organization where information assets are safe.

IT Infrastructure

The ...

President/Executive Board Member

David Miron is one of the executive members of McBer which is a company in Boston and holds the position of Vice-President while David McClelland is the chairman and founder of the same company, but works at Harvard University as a Psychology Professor. They both authored “The Impact of Achievement Motivation Training on Small Business”. In this, Miron and McClelland (1979) argued that entrepreneurial training is essential for motivating businessmen in order to facilitate them in achieving their goals and improving their level of performance. Further, Miron and McClelland (1979) claimed, “businesses managed by the trained men grew faster by a number ...

David Miron is one of the executive members of McBer and Company in Boston and holds a position of Vice-President while David McClelland is the chairman and founder of the same company, but works at Harvard University as a Psychology Professor. They both authored “The Impact of Achievement Motivation Training on Small Business”. In this, Miron and McClelland (1979) argued that entrepreneurial training is essential in motivating businessmen in order to facilitate them in achieving their goals and improving their level of performance. Further, Miron and McClelland (1979) claimed, “businesses managed by the trained men grew faster by a number of indicators, ...

1 Answer 1a: (Word Count 351)

Cloud computing is a modern day internet technology that can be applied to vast range of purposes. However, the main purpose is to store massive amounts of information on virtual and internet based servers that can be accessed on demand by clients. Cloud computing services emerged in the year 2000 and have grown by leaps and bounds since then. According to Valquero et al., cloud computing is ‘a large pool of easily usable and accessible virtualized resources such as hardware, development platforms and/ or services. These resources can be dynamically reconfigured to adjust to a variable ...

Importance of Market Prices

Market prices are important as they reflect the market perception by the investors concerning the future prospects of the company. The market prices of stocks are affected by the economic conditions that are prevailing in the industry, the market perception and the events going in the company which are communicated in the media. The finance manager at times has to raise money in the market through the issue of shares. High market prices show that the company will be able to raise the targeted amount or even more when the people oversubscribe to the shares. It also shows that ...

Reply to Andrew.

Control systems in the controlling of the sales expenditure is procedures and policies put in place by management to prevent errors and fraud in regard to the sales expenditure (Graham, 2007). The policies and procedures not only detect fraud and errors but also the accuracy and completeness of the sales expenditure records. Control systems are put in place in several departments but, not in sales department only.

Use of sales expenditure budget.

Usually sale volume significantly influences the amount of sales expenditure. It is, therefore, necessary to prepare the sales expenditure budget in line with the sales budget for cast. The expenditure should be ...

Benefit-cost analysis is simply balanced decision-making.it is very commonly used in the day to day life work since it is older than the written history. The usual seize of costs and benefits is at times inadequate since when the alternatives are complex or the data vague, then it should be to use proper techniques to keep our ideas clear, orderly and balanced.

This can be defined as narrow financial tool which can underestimate its flexibility in the addressing insubstantial values. (Boardman 2006). It also helps to set a clear cost estimate against alternative methods of achieving an insubstantial benefit, for ...

Introduction

Various economic principles are applicable in purchasing of assets. When purchasing a house economic principle influence the choice made regarding the deal. This includes principles such as the principle of trade offs, opportunity cost, thinking at margin rationally and the principle of response to incentive. One ought to carry out a cost benefit consideration to gauge whether the net benefit of making the decision to purchase a new house is positive. The strength of the economy will influence the marginal costs and marginal benefits associated with an investment decision. A strong economy offers stable conditions for making a decision. Several factors in the ...