Explain the relevance of models of decision making in business operations.
Life Cycle Cost(LCC)
by Dave Ryan
If minimization of LCC is the criteria, which truck should be recommended?
Truck X Truck Y
Procurement Cost $130000 $158000
Annual Operating Cost $25000 $21000
Annual Failure Rate 0.05 0.06
Disposal Cost $2000 $2000
Useful Life (expected)10 years 10 years
Annual Interest Rate 6% 6%
Expected Failure Cost $2000/yr $1500 /yr
How To Develop ROI Of Business
Please give information on how to increase ROI in a business.
What are the financial analysis skills required for business analysis?