Homework: Project Computation and Decision-Making
Bob Mackey is the principle owner of Fuels Inc. Bob has been able to increase his salary by a factor of over 100. At the present time, Bob has to remain competitive in his industry, so he has the following alternatives regarding fuel equipment purchases.
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Equipment
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Favorable Market
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Unfavorable Market
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Panther
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$200,000
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$100,000
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|
Knight
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$300,000
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$75,000
|
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JB Billow
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$50,000
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$12,000
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Compose a paper in which you make a recommendation to Bob and Fuels Inc. In your paper, be sure to include the following components:
o an explanation of the type of decision Bob is facing,
o a discussion on the decision criteria that should be used,
o a description of how you will apply the six steps of the decision-making process and,
o a recommendation for which alternative is best for Fuels Inc. Why?
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.