Find productivity in terms of revenue per dollar of input, Operation Management

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Find productivity in terms of revenue per dollar of input

Problem:

A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 55 minutes is needed to do a title search. The researcher cost is $2.0 per minute. Clients are charged a fee of $400. Company A's software would reduce the average search time by 12 minutes, at a cost of $3.4 per search. Company B's software would reduce the average search time by 17 minutes at a cost of $5.3 per search.

Required:

Question 1) Calculate the productivity in terms of revenue per dollar of input. Solve the problem and show all work.

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Operation Management: Find productivity in terms of revenue per dollar of input

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Operation Management: Find productivity in terms of revenue per dollar of input

Reference No:- TGS0881665

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Recent Questions Asked Operation Management

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Request for Solution File

Ask an Expert for Answer!!

Operation Management: Find productivity in terms of revenue per dollar of input

Reference No:- TGS0881665

Recent Questions Asked Operation Management

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