005

docx

School

Kenyatta University *

*We aren’t endorsed by this school

Course

166

Subject

Economics

Date

Nov 24, 2024

Type

docx

Pages

Uploaded by johnsonekoech

Assessment of Criteria Considering that technical skill shortage has been a problem for a long time in the oil and gas industry, several solutions have been applied by different companies. To determine the effectiveness of these fixes, the following questions would be asked: 1. Is the solution cost effective? 2. Does the solution work? 3. Is it a short-term or a long-term solution? 4. Can the solution be adopted by the entire industry? 5. Does the solution improve production? 6. Can the solution help companies in coping with the increasing demand? Solutions which meet criteria 1 and 2 will be considered applicable. If in addition to meeting criteria 1 and 2 the solution turns out to be long-term, it will be considered good. A solution which meets criteria 1, 2,5 and 6 will be considered a deal breaker, while that which meets criteria 1,2,4,5, 6 and it turns out to be long-term, will be considered the best solution.

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