From the following 3 scenarios analyse which supplier is most economical?Rec club has received number of quotes to install an inventory system from three suppliers and they are Micros, IT solutions and Gold coast IT. Calculate how much each supplier will cost per year and determine who isMicros has provided a quote for $100,000. System will last for 10 years. They provide free maintenance services. They provide technical support for a cost of $ 10,000 per year. Relevant hardware and software costs and licensing is included in the IT solutions has provided a quote for $80,000. System will last for 10 years. They provide free maintenance services. They provide technical support for a cost of $ 7,500 per year. Relevant hardware cost $ 2500 and software cost $ 4,600 and licensing cost is $ 100 per Gold coast IT has provided a quote for $60,000. System will last for 8 years. They charge $750 per quarter for maintenance services. They provide technical support for a cost of $ 7,500 per year. Relevant hardware and software costs and licensing is included in the quote

According to the question above, it is concluded that : Factors Scenario 1 Scenario 2 Scenario 3…

Answered: From the following 3 scenarios analyse…

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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From the following 3 scenarios analyse which supplier is most economical?

Rec club has received number of quotes to install an inventory system from three suppliers and they are Micros, IT solutions and Gold coast IT. Calculate how much each supplier will cost per year and determine who is
1. Micros has provided a quote for $100,000. System will last for 10 years. They provide free maintenance services. They provide technical support for a cost of $ 10,000 per year. Relevant hardware and software costs and licensing is included in the

IT solutions has provided a quote for $80,000. System will last for 10 years. They provide free maintenance services. They provide technical support for a cost of $ 7,500 per year. Relevant hardware cost $ 2500 and software cost $ 4,600 and licensing cost is $ 100 per

Gold coast IT has provided a quote for $60,000. System will last for 8 years. They charge $750 per quarter for maintenance services. They provide technical support for a cost of $ 7,500 per year. Relevant hardware and software costs and licensing is included in the quote

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