Cost-utility analysis

. Write an email seeking the confirmation from management regarding these TWO (2) convergent tools and techniques. In your email you need to detail the cost benefit analysis for the above TWO (2) selected convergent tools and techniques and explain how each of them meet the organisational requirements, legal, policies and procedures. Reply of the management should also be presented to your marketing colleagues. From: apiwat_hot@hotmail.com To: joe@johnsboots.com.au; tom@johnsboots.com.au;…

that led to the Ford Pinto Case was due to a hazardous gas tank, the Ford Company had to make a decision between recalling the cars, which would costs the company an astronomical amount of money to repair, or do nothing and keep them as they were and face the lawsuits that would occur because of their decision to not make any necessary repairs. When the cost reports came out and showed that it would be in the company’s best interest to not recall the cars and instead pay out the lawsuits for the…

The first model we will look at is the cost benefit analysis economists use in order to weigh our options on climate change. Cost benefit analysis allows us to compare the cost of emitting greenhouse gas with the benefit of emitting greenhouse gases, which can be to create more power plants to be able to create energy. For example, “according to most conventional…

Total Utility: The amount of satisfaction gained from consuming something. Marginal Utility: The amount of satisfaction gained from consuming one more unit of something. After it reaches zero, it starts to negatively affect total utility, Diminishing Marginal Utility: The usefulness (or utility) of a good or service declines as one has more of it. For example: if one has a single pair of khaki slacks, the pair will be worn every day. If one has eight pairs of khaki slacks, then each pair is…

Freakonomics can be seen as the study of economics based on the principle of incentives. In the movie, Steven Levitt and Stephen Dubner gives multiple examples of how incentives govern our thoughts and actions and its role in economics. The first example explored was the unlikeliness of a house agent to wait to sell a client house for a higher price. The simple reason is the low incentive. If the agent was to wait another week to sell the house for a price that is only 10k higher, they would get…

1. A. Due to the utility function U(H,B) point C violates the utility function because it is not consistent with the marginal utility that increases from Point A to C in this model. Point C implies that this person can only be made better off with bread and not health. B. If point C is chosen their utility function would look like the the utility function labeled U1. (This is similar to a utility function with homothetic preferences) C. Point E can never be an equilibrium because given the…

The text mentions “how in 1994, Roese proposed that thinking counterfactually simply is functional in two ways such as; preparative function (for which helps us to avoid the recurrence of negative outcomes) and affective function (thinking in ways to help individuals feel better)” (Chapter 6, pg. 62). The text also mentions about “how when one or any individual fails to achieve a goal, it can often lead to a negative affect which in turn can either activate upward or downward counterfactual…

These tools can be used in the measure of changes. They are Effectiveness and efficiency, Customer satisfaction, Staff satisfaction, Access / environment, Cost and benefit of the change and Waste of resources. Effectiveness and efficiency – organisational and quality assurance, staff appraisals and staff meetings to check and balance any inadequacy cy in the organisation. Customer satisfaction can be monitor…

Jensen and Meckling develop theory in different stages 1. Introduction 2. Analysis the agency cost 3. Question regarding the organization & examiner the role of united liability 4. Provide basic concept agency cost 5. Brief summary and conclusions. Introduction. This article has been written by Jensen and Meckling in October 1976. This study inspects the property rights, agency and financial progress a theory of the ownership structure of the firm. The authors highlight on new matter which…

water service line running from the water main to the curb stop, and private property owners are responsible for the portion running from the curb stop to the home (See Appendix E). Currently, water utilities in Wisconsin are not allowed to use ratepayer funds for use on private property, meaning utilities cannot use revenue to offer LSL replacement grants or loans to residents. The Wisconsin legislature is considering legislation that would reverse this policy, but powerful interest groups have…