Harbor delivery service: case study Based on the two pictures below. And based in the solution in the schedule:Write a conclusion: explain what is your decision and why you choose your preferred option and other necessary explanations. SummaryWe have been tasked to determine the best power source for the harborsdelivery services boat fleet. They have posed the question which engine would be morecost effective for the fleet Diesel or Gasoline. Both engines have their good and badqualities to be reviewed against one another but freight management can not decidewhich single power source would be best for their whole fleet to convert to. In order todetermine which route would be best is to generate an economic analysis of the twoalternatives. There are 10 managers that have evaluated the two power sources asoptions and 5 of the 10 believe gasoline to be the better option due to the higher speedand lower maintenance cost. But diesel is also viewed as a superior option due to itsefficiency and lower overall cost of operation.The Specifications of the gasoline engine list it as costing $76,586 to purchasewith a 350 hp engine, a 300 gallon fuel capacity, moving 21.1 knots using 26 gallons perhour. The diesel specifications list it as costing $97,995 to purchase with a 300 hpengine, a 300 gallon fuel capacity, moving 17.4 knots using 17 gallons per hour. HDS Equivalent Uniform Annual WorthInitial CostAnnual O&MAnnual BenefitSalvage ValueUseful lifeMARRInitial CostAnnual O&MAnnual BenefitSalvage ValueUseful lifeGasoline$76,586.00$295,990.84$18,250.00$38,000.00318%Company AHDS given (2)IF16HDS given (2)!F40-50*365HDS given (2) IF263Diesel$97,995.00$367,889.900$48,000.00418%Company BHDS given (2) IG16HDS given (2110400HDS given (211G2645-button solutionGasolineDiesel5-button solutionGasolineDieselTable solutionGasolineDieseli18%18%i18%18%(76586+295990.84)*(A/P 18 %,3)-(18250-38000) (A/F,18%,3)(76586+295990.84)*(0.4599)-(18250+38000)*(0.2799)$155,603.71(97995+367889.90) (A/P,18% 41-48000 (A/F,18 %,4)197995+367889.90)*(0.3717)-48000* 1917)$163,967.82n3434PMTPMTPVFV Solve for($372,576.84) $56,250.00 PMT($465,884.90) $48,000.00 PMTPV(C5+06)(D5+06)FV-C7+C8-08Answer$155,611.26$163,983.98Formula-PMT 825,C25,E25,F25)PMT|B26,C26,E26,F26)FormulaSolve forPMTAnswer=PMTIH5,15,K5,L5) -PMT[825,C25,125,F25)PMT -PMTIH6,16,K6L6) -PMT1826,C26,E26,F26)

Decision-making is the process of making the best decision from the various alternatives available…

Harbor delivery service: case study Based on the two pictures below. And based in the solution in the schedule: Write a conclusion: explain what is your decision and why you choose your preferred option and other necessary explanations.

Harbor delivery service: case study Based on the two pictures below. And based in the solution in the schedule: Write a conclusion: explain what is your decision and why you choose your preferred option and other necessary explanations.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

HDS Equivalent Uniform Annual Worth
Initial Cost
Annual O&M
Annual Benefit
Salvage Value
Useful life
MARR
Initial Cost
Annual O&M
Annual Benefit
Salvage Value
Useful life
Gasoline
$76,586.00
$295,990.84
$18,250.00
$38,000.00
3
18%
Company A
HDS given (2)IF16
HDS given (2)!F40
-50*365
HDS given (2) IF26
3
Diesel
$97,995.00
$367,889.90
0
$48,000.00
4
18%
Company B
HDS given (2) IG16
HDS given (211040
0
HDS given (211G26
4
5-button solution
Gasoline
Diesel
5-button solution
Gasoline
Diesel
Table solution
Gasoline
Diesel
i
18%
18%
i
18%
18%
(76586+295990.84)*(A/P 18 %,3)-(18250-38000) (A/F,18%,3)
(76586+295990.84)*(0.4599)-(18250+38000)*(0.2799)
$155,603.71
(97995+367889.90) (A/P,18% 41-48000 (A/F,18 %,4)
197995+367889.90)*(0.3717)-48000* 1917)
$163,967.82
n
3
4
3
4
PMT
PMT
PV
FV Solve for
($372,576.84) $56,250.00 PMT
($465,884.90) $48,000.00 PMT
PV
(C5+06)
(D5+06)
FV
-C7+C8
-08
Answer
$155,611.26
$163,983.98
Formula
-PMT 825,C25,E25,F25)
PMT|B26,C26,E26,F26)
Formula
Solve for
PMT
Answer
=PMTIH5,15,K5,L5) -PMT[825,C25,125,F25)
PMT -PMTIH6,16,K6L6) -PMT1826,C26,E26,F26)

Processes involved in arranging, controlling, and optimizing the workloads and work activities in a manufacturing or production setup to minimize cost and increase the efficiency of staff and equipment.

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