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A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 36 minutes is needed to do a title search. The researcher cost is $1.50 per minute. Clients are charged a fee of $375. Company A’s software would reduce the average search time by 10 minutes, at a cost of $13.00 per search. Company B’s Software would reduce the average search time by 9 minutes at a cost of $12.75 per search. Compute the productivity in terms of Revenue Per Dollar of Input for each alternative. Round you answer to the nearest penny and give your answer in Dollar/Cent format, e.g. 4.75032 = 4.75.

Alt1: Use Company A’s Software - Productivity: Revenue Per Dollar of Input = $

Alt2: Use Company B’s Software - Productivity: Revenue Per Dollar of Input = $

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9379918

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