Way to estimate the cost-and ultimately the benefits- of a ‘hybrid’ operation with the traditional utility segment of the business which minimizes cost, while the LighTUBe segment works to maximize profit.

Question

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Answer 1

Question

Chapter 2, Problem 1QTC

To determine

Way to estimate the cost-and ultimately the benefits- of a ‘hybrid’ operation with the traditional utility segment of the business which minimizes cost, while the LighTUBe segment works to maximize profit.

Expert Solution & Answer

Explanation of Solution

There are several general models and techniques to estimate costs and benefits which can be used to estimate the costs and benefits. Such as:

Per unit model:

This model uses cost per factor such cost per square foot, square meters in order to estimate the desired.

Segmenting Model:

In this model, estimation is decomposed into individual components. And after the estimation of all the individual components all the estimation is added together in order to find out the total estimation is added together in order to find out the total estimation cost or benefits .This approach is fairly common in various engineering estimation applications and for any level of accuracy needed.

COSTS AND PRICE INDEXS:

Indexes are numerical values that reflect historical change in costs and prices. They can reflect relative change in cost or price either as individual components or of group of costs. In this model the ratio of the costs or index number at two points in time is equal to the dollar cost ratio of the dollar cost ratio of the item at same time.

Conclusion:

By using the above stated models the LighTUBe segment works to minimize the cost and maximize the benefits.

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2. Question The 'Democratic Family' consists of three members {mother m, father f, daughter d}, that have different preferences with respect to how much money X € [0,8] they think should be invested in the new family car. These preferences can be represented by the following utility functions: - Mother m: um(X) = 2X - X² Father f: uf(X) = 10X - X² - Daughter d: ud(X) = 4X - X² Calculate for each family member (f, m, d) the preferred amount of money to invest in the new car denoted by X; for i = {m, f,d}. Assume that (Xf, Xm, Xd) are the three alternatives on which the family must decide. Show that each family member has rational preferences over this domain. Preferences on the family level are determined by pairwise majority voting (all family members vote on two alternatives). Derive the family preference and check whether it is rational. Assume that the final family decision is made by conducting sequential pair- wise majority voting, where the loosing alternative is eliminated. Does…

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Answer 2

Question

Chapter 2, Problem 1QTC

To determine

Way to estimate the cost-and ultimately the benefits- of a ‘hybrid’ operation with the traditional utility segment of the business which minimizes cost, while the LighTUBe segment works to maximize profit.

Expert Solution & Answer

Explanation of Solution

There are several general models and techniques to estimate costs and benefits which can be used to estimate the costs and benefits. Such as:

Per unit model:

This model uses cost per factor such cost per square foot, square meters in order to estimate the desired.

Segmenting Model:

In this model, estimation is decomposed into individual components. And after the estimation of all the individual components all the estimation is added together in order to find out the total estimation is added together in order to find out the total estimation cost or benefits .This approach is fairly common in various engineering estimation applications and for any level of accuracy needed.

COSTS AND PRICE INDEXS:

Indexes are numerical values that reflect historical change in costs and prices. They can reflect relative change in cost or price either as individual components or of group of costs. In this model the ratio of the costs or index number at two points in time is equal to the dollar cost ratio of the dollar cost ratio of the item at same time.

Conclusion:

By using the above stated models the LighTUBe segment works to minimize the cost and maximize the benefits.

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Answer 3

Question

Chapter 2, Problem 1QTC

To determine

Way to estimate the cost-and ultimately the benefits- of a ‘hybrid’ operation with the traditional utility segment of the business which minimizes cost, while the LighTUBe segment works to maximize profit.

Expert Solution & Answer

Explanation of Solution

There are several general models and techniques to estimate costs and benefits which can be used to estimate the costs and benefits. Such as:

Per unit model:

This model uses cost per factor such cost per square foot, square meters in order to estimate the desired.

Segmenting Model:

In this model, estimation is decomposed into individual components. And after the estimation of all the individual components all the estimation is added together in order to find out the total estimation is added together in order to find out the total estimation cost or benefits .This approach is fairly common in various engineering estimation applications and for any level of accuracy needed.

COSTS AND PRICE INDEXS:

Indexes are numerical values that reflect historical change in costs and prices. They can reflect relative change in cost or price either as individual components or of group of costs. In this model the ratio of the costs or index number at two points in time is equal to the dollar cost ratio of the dollar cost ratio of the item at same time.

Conclusion:

By using the above stated models the LighTUBe segment works to minimize the cost and maximize the benefits.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 2, Problem 1QTC

To determine

Way to estimate the cost-and ultimately the benefits- of a ‘hybrid’ operation with the traditional utility segment of the business which minimizes cost, while the LighTUBe segment works to maximize profit.

Expert Solution & Answer

Explanation of Solution

There are several general models and techniques to estimate costs and benefits which can be used to estimate the costs and benefits. Such as:

Per unit model:

This model uses cost per factor such cost per square foot, square meters in order to estimate the desired.

Segmenting Model:

In this model, estimation is decomposed into individual components. And after the estimation of all the individual components all the estimation is added together in order to find out the total estimation is added together in order to find out the total estimation cost or benefits .This approach is fairly common in various engineering estimation applications and for any level of accuracy needed.

COSTS AND PRICE INDEXS:

Indexes are numerical values that reflect historical change in costs and prices. They can reflect relative change in cost or price either as individual components or of group of costs. In this model the ratio of the costs or index number at two points in time is equal to the dollar cost ratio of the dollar cost ratio of the item at same time.

Conclusion:

By using the above stated models the LighTUBe segment works to minimize the cost and maximize the benefits.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 2, Problem 1QTC

To determine

Way to estimate the cost-and ultimately the benefits- of a ‘hybrid’ operation with the traditional utility segment of the business which minimizes cost, while the LighTUBe segment works to maximize profit.

Expert Solution & Answer

Explanation of Solution

There are several general models and techniques to estimate costs and benefits which can be used to estimate the costs and benefits. Such as:

Per unit model:

This model uses cost per factor such cost per square foot, square meters in order to estimate the desired.

Segmenting Model:

In this model, estimation is decomposed into individual components. And after the estimation of all the individual components all the estimation is added together in order to find out the total estimation is added together in order to find out the total estimation cost or benefits .This approach is fairly common in various engineering estimation applications and for any level of accuracy needed.

COSTS AND PRICE INDEXS:

Indexes are numerical values that reflect historical change in costs and prices. They can reflect relative change in cost or price either as individual components or of group of costs. In this model the ratio of the costs or index number at two points in time is equal to the dollar cost ratio of the dollar cost ratio of the item at same time.

Conclusion:

By using the above stated models the LighTUBe segment works to minimize the cost and maximize the benefits.

Answer 6

Chapter 2, Problem 1QTC

To determine

Way to estimate the cost-and ultimately the benefits- of a ‘hybrid’ operation with the traditional utility segment of the business which minimizes cost, while the LighTUBe segment works to maximize profit.

Expert Solution & Answer

Explanation of Solution

There are several general models and techniques to estimate costs and benefits which can be used to estimate the costs and benefits. Such as:

Per unit model:

This model uses cost per factor such cost per square foot, square meters in order to estimate the desired.

Segmenting Model:

In this model, estimation is decomposed into individual components. And after the estimation of all the individual components all the estimation is added together in order to find out the total estimation is added together in order to find out the total estimation cost or benefits .This approach is fairly common in various engineering estimation applications and for any level of accuracy needed.

COSTS AND PRICE INDEXS:

Indexes are numerical values that reflect historical change in costs and prices. They can reflect relative change in cost or price either as individual components or of group of costs. In this model the ratio of the costs or index number at two points in time is equal to the dollar cost ratio of the dollar cost ratio of the item at same time.

Conclusion:

By using the above stated models the LighTUBe segment works to minimize the cost and maximize the benefits.

Answer 7

Chapter 2, Problem 1QTC

To determine

Way to estimate the cost-and ultimately the benefits- of a ‘hybrid’ operation with the traditional utility segment of the business which minimizes cost, while the LighTUBe segment works to maximize profit.

Answer 8

Expert Solution & Answer

Explanation of Solution

There are several general models and techniques to estimate costs and benefits which can be used to estimate the costs and benefits. Such as:

Per unit model:

This model uses cost per factor such cost per square foot, square meters in order to estimate the desired.

Segmenting Model:

In this model, estimation is decomposed into individual components. And after the estimation of all the individual components all the estimation is added together in order to find out the total estimation is added together in order to find out the total estimation cost or benefits .This approach is fairly common in various engineering estimation applications and for any level of accuracy needed.

COSTS AND PRICE INDEXS:

Indexes are numerical values that reflect historical change in costs and prices. They can reflect relative change in cost or price either as individual components or of group of costs. In this model the ratio of the costs or index number at two points in time is equal to the dollar cost ratio of the dollar cost ratio of the item at same time.

Conclusion:

By using the above stated models the LighTUBe segment works to minimize the cost and maximize the benefits.