The cost in $ per year and effectiveness measure in items salvaged per year for four mutually exclusive service sector alternatives have been collected. (a) Calculate the cost effectiveness ratio for each alternative, and (b) use the CER to identify the best alternative.
|
Alternative
|
Cost C, $/Year
|
Salvaged Items/Year E
|
|
W
|
355
|
20
|
|
X
|
208
|
17
|
|
Y
|
660
|
41
|
|
Z
|
102
|
7
|