A property title search firm is contemplating using online, Ask an Expert

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 $2 per minute.

Clients are charged a fee of $400. Company A's software would reduce the average search time by 10 minutes, at a cost of $3.50 per search.

Company B's software would reduce the average search time by 12 minutes at a cost of $3.60 per search.

Which option would have the higher productivity in terms of revenue per dollar of input?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92761977

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