Question: Frisco Property Management is a hypothetical company that manages a large number rental properties in the northern suburbs of Dallas. The company is outfitting a new administrative office and needs to select a safe to store important documents. In working with their sales rep from Dallas Safe Company, they have been presented with the following 4 options The paper on line is not completed. The questions were not answered .-Questions:
1. Using SMARTER, compute the aggregate benefit score for each option
2. By taking into account the cost of each safe, determine which safe lies on the efficient frontier. Explain the significance of this term.
3. SMARTER is based on the "principle of heroic approximation." Explain how this principle applies to your analysis of the problem and discuss whether you think it is appropriate.
4. Fire rating is particularly important if the safe contains paper documents that could suffer irreparable loss if destroyed or waterlogged in the event of a fire. Suppose, however, that the building had a top-of-the-line dry chemical fire suppression system. If the Fire Rating were changed to the least important criteria, how would your recommendation change?