Discuss the relevance of cost-benefit analysis

Assignment Help Operation Management
Reference no: EM131096183

Effective evaluation and management of projects and investments is critically important to a firm and the benefits of the investment should be more than the cost of the investment. Please write a 2-3 page paper and address the following:

In your paper, compare and contrast two of the three primary tools of cost-benefit analysis: net present value (NPV), internal rate of return (IRR), and payback period (PB).

Discuss the relevance of cost-benefit analysis as a tool for capital budgeting decision making.

Answer the question, "Why is capital budget decision making an important process in operations management?"

Your paper should be 2-3 pages long, citing at least three sources, and should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course, as well as providing new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and the current APA Requirements.

Reference no: EM131096183

Questions Cloud

Regression models and test for treatment effects : a. Prepare a symbolic scatter plot of the data. Does it appear that there are effects of physical fitness status on the mean number of days required for therapy? Discuss.
Suppose the marginal cost to produce good : Suppose the marginal cost to produce a good is $10. There is only one person who is willing to purchase the good, and she is willing to pay $90 for one unit. According to the particular two-part pricing scheme from Lecture 3, an access price will be ..
Process of project implementation : Evaluation is a very important stage in the process of project implementation. Give at least eight parameters that this stage measures and assesses.
Prepare budget report for august using flexible budget data : Hill Company uses budgets in controlling costs. The August 2014 budget report for the company's Assembling Department is as follows. Prepare a budget report for August using flexible budget data.
Discuss the relevance of cost-benefit analysis : Discuss the relevance of cost-benefit analysis as a tool for capital budgeting decision making. Answer the question, "Why is capital budget decision making an important process in operations management?"
Developing open economy : Almora, a developing open economy , is experiencing an economic boom since it discovered oil reserves off its coast two years ago. Robin claimed that the high rate of inflation following the boom has actually weakened the expansionary impact on the e..
Define the concept of marketing mix : Define the concept of marketing mix and various strategies that can be used in each marketing strategies.
Rehabilitation therapy problem : Refer to Rehabilitation therapy Problem 16.9. The rehabilitation researcher wishes to use age of patient as a concomitant variable. The ages (Xij) of patients in the study follow.
Percentage of completion method or completed contract : What impact does amt have on the decision to whether to use either the percentage of completion method or completed contract for reporting profit on longterm contracts?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd