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Management Studies

Problem

A property title search firm is contemplating using online software to increase its search productivity.

Currently an average of 65 minutes is needed to do a title search. The researcher cost is $1.70 per minute. Clients are charged a fee of $490.

Company A's software would reduce the average search time by 12 minutes, at a cost of $3.50 per search.

Company B's software would reduce the average search time by 16 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 "tiny_mce_markerquot; sign in your response.)

Approach	Productivity (Revenue per Dollar Input)
Current	$
Company A	$
Company B	$

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

Company A
Company B
Current

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92759350

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