Online software to increase its search productivity

Assignment Help Operation Management
Reference no: EM131414910

A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 40 minutes is needed to do a title search. The researcher cost is $2 per minute. Clients are charged a fee of $400. Company A's software would reduce the average search time by 10 minutes, at a cost of $3.50 per search. Company B's software would reduce the average search time by 12 minutes at a cost of $3.60 per search. Which option would have the higher productivity in terms of revenue per dollar of input?

Reference no: EM131414910

Questions Cloud

Documentary on the lives of illegal immigrants in texas : You want to hire a professional editor to help your film scripting group to put together a script for a two-hour documentary on the lives of illegal immigrants in Texas. It is estimated that the editor will be employed by your organization for three ..
The most information intensive sectors of the economy : Briefly describe why the healthcare industry is one of the most information intensive sectors of the economy. Look at Exhibit 2.8 on Page 35 and discuss in which area (hospital services, physician services, prescription drugs, nursing home care) Info..
How strategic design of work tasks can improve organization : Describe how strategic design of work tasks can improve an organization? The courts have recognized task-based job analysis as useful to prevent unfair discrimination. Some HR professionals worry that competency-based approaches are more susceptible ..
Tendency toward entrepreneurship : Stereotyping may be considered. Setting reasonally achievable objectives and providing training and support might be an appropriate management action for employees who. Which of the Big 5 personality traits would correlate with an ability to adapt to..
Online software to increase its search productivity : A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 40 minutes is needed to do a title search. The researcher cost is $2 per minute. Which option would have the higher produ..
Consider the supply chain involved when customer orders : Consider the supply chain involved when a customer orders a book from Amazon. Identify the push/pull boundary and two processes each in the push and pull phases. In what way do supply chain flows affect the success or failure of a firm like Amazon? L..
What are some strategic-planning and operational decisions : What are some strategic, planning, and operational decisions that must be made by an apparel retailer such as Gap? Consider the supply chain involved when a customer purchases a book at a bookstore. Identify the cycles in this supply chain and the lo..
Connections with mutually beneficial business contacts : Whenever you submit your résumé to an employer, you should include an application letter to. Using networking to make informal connections with mutually beneficial business contacts is more important than ever because.

Reviews

Write a Review

Operation Management Questions & Answers

  Benefit from the decline in value of ringgit against euro

Why does a U.S. company exporting wooden furniture manufactured in Malaysia to the European Union benefit from the decline in the value of ringgit against the euro?

  The public duty doctrine has been characterized as duty

The public duty doctrine has been characterized as duty to all but duty to no one. This raises interesting questions in regards to how to proceed when errors occur in the public sector. To illustrate, Josie wants to open a coffee shop and finds an em..

  Employers protect their data on employees devices

How Should Employers Protect Their Data on Employees’ Devices? Companies are finding it increasingly difficult to manage their intellectual property now that employees have Smartphone and tablets many times which are not owned by the company. When a ..

  Understand the difference between teams and groups

Why is it important for managers to understand the difference between teams and groups? As a manager, how can you prepare your people to be team players?

  Discuss the role that marketing automation

Discuss the role that Marketing Automation or Service Automation plays in the organization that you work (or one that you are familiar with) and your interactions with it - what is working well or not so well, what can or should be done differently.

  Purposes of strategic-operational and contingency planning

What are the purposes of strategic, tactical, operational and contingency planning? In what situation would an organization use each? Explain the importance and and of securing data when it comes to social and business ethics? What precautions should..

  Do gun buyback programs make good policies

The Washington, D.C., police bought more than 6,000 guns, no questions asked, in gun buyback programs in 1999 and 2000. Millions of dollars have been spent in similar programs in many cities including NYC. The theory of gun buybacks is that: buybacks..

  Highest ratio of market value to book value

Which of the following firms would you expect to have the highest ratio of market value to book value?

  Actively support diversity initiatives

Some companies have programs that they have developed to become more inclusive. All of these require corporate support and financial resources. If you were a manager at a very small organization that did not have these financial resources or by one t..

  How is civil or criminal liability

How is civil or criminal liability determined when someone castrated or sterilizes a person without following the procedures required by law?

  Provide an example of the three levels of management

Provide an example of the 3 levels of management (the top, middle, and first-line) in a company. It can be a place where you work or a company that you research online. Try to present briefly which are regularly performed activities by managers and h..

  Cloud computing infrastructure in business organization

Can poor choices in a diversification strategy can damage a brand's identity? What is one story from the Bible that is in the Qur’an (Koran) discussed in the Module 8 materials and how is it similar to and different from the Bible’s version? cloud co..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd