Essentials of MIS (13th Edition)
Essentials of MIS (13th Edition)
13th Edition
ISBN: 9780134802756
Author: Kenneth C. Laudon, Jane Laudon
Publisher: PEARSON
bartleby

Concept explainers

Expert Solution & Answer
Book Icon
Chapter 5, Problem 18MLM

Explanation of Solution

Total Cost of Ownership (TCO):

TCO is defined as the estimated original cost of owning particular technology.

  • It is performed to analyze the IT infrastructure.
  • It is used for predicting the cost of specific technology implementations.
  • The management includes the components like hardware, software, maintenance, downtime, training, installing, supporting, acquisition and many such.
  • The TCO analysis is used for improving the efficiency and productivity of the management.

Components of total cost of components:

  • Hardware cost
    • It includes the total cost of purchasing different types of hardware like monitor.
  • Software cost
    • It includes the cost of purchasing the software license for users...

Blurred answer
Students have asked these similar questions
The board of directors of a company decides that senior management has to be rewarded in order to achieve the company's objectives. The board of directors selects whether or not to award bonuses based on growth in share value at the end of each fiscal year. Bonuses will be given in shares, which the managers can keep or sell on the open market. What are the ramifications of implementing a bonus system like this?
Why should I utilize a request for proposals to purchase hardware and software? The following has to be determined:Describe the differences between a request for proposal and a request for proposals, as well as how a request for proposals is used to acquire information on hardware and system software.Request for Proposals (RFP):It is a document that the vendor or another resource provider uses to communicate with the system in order to respond to the system's requirements.It facilitates communication between the two businessThis is a complete and accurate description. Requests for proposals (RFPs) are used to acquire data about hardware and system software After the vendor has completed the implementation, the vendor will display the product. Specific requirements as well as the organization's requirements Technical elements e Criteria for choosing prospective suppliers There are certain steps that must be taken.The schedule for the project.
Please answer
Knowledge Booster
Background pattern image
Computer Science
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Principles of Information Systems (MindTap Course...
Computer Science
ISBN:9781285867168
Author:Ralph Stair, George Reynolds
Publisher:Cengage Learning
Text book image
Operations Research : Applications and Algorithms
Computer Science
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Brooks Cole
Text book image
MIS
Computer Science
ISBN:9781337681919
Author:BIDGOLI
Publisher:Cengage
Text book image
Enhanced Discovering Computers 2017 (Shelly Cashm...
Computer Science
ISBN:9781305657458
Author:Misty E. Vermaat, Susan L. Sebok, Steven M. Freund, Mark Frydenberg, Jennifer T. Campbell
Publisher:Cengage Learning
Text book image
Fundamentals of Information Systems
Computer Science
ISBN:9781305082168
Author:Ralph Stair, George Reynolds
Publisher:Cengage Learning