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Management Studies

A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 40 minutes is needed to do a title search. The researcher cost is $1.60 per minute. Clients are charged a fee of $470. Company A’s software would reduce the average search time by 14 minutes, at a cost of $3.50 per search. Company B’s software would reduce the average search time by 15 minutes at a cost of $5.30 per search.

A. Calculate the productivity in terms of revenue per dollar of input. (Round your intermediate calculations and final answers to 2 decimal places. Omit the "$" sign in your response.)

B . Which option would have the highest productivity in terms of revenue per dollar of input?

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Operation Management, Management Studies

Category:- Operation Management
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