Explain which one minimizes their cost, Operation Management

Assignment Help:

A swim club is designing a new pool to replace its old pool. The new pool would need to last for 10 years since the club is planning on relocating after 10 years. A concrete shell would cost $150,000 and last for all 10 years. Another option is to install a vinyl liner that would cost only $85,000 to install. However, the vinyl is not guaranteed to last for all 10 years, and has a 33% chance of breaking down. Repair of the vinyl would cost $50,000 and would extend the life of the vinyl liner to the 10-year mark. If both options are acceptable to the swim club, which one minimizes their cost?


Related Discussions:- Explain which one minimizes their cost

Explain what the best collaboration tools, For firms that have multiple loc...

For firms that have multiple locations that would like their professionals from different teams to be able to collaborate efficiently, how would you determine what the best collabo

How feedback either promoted, How feedback, Goals Competence, and motive ha...

How feedback, Goals Competence, and motive has have either promoted or stunted performance in your own experiences at work.

Explain organizations achieving competitive advantage, Discuss the influenc...

Discuss the influence of the four focus areas for HR professionals on solving HRM related issues associated with organizations achieving competitive advantage.

Linear Program , I have 3 questions involving linear programming, solving u...

I have 3 questions involving linear programming, solving using both a) the enumerating the corner points method and b) the iso-profit line method.

Explain several organizational communication problems, Do some research to ...

Do some research to identify four to six common communication problems that occur in organizations? The text discusses several organizational communication problems. Provide exampl

Explain collected information on the number of customers, Rosa's Italian re...

Rosa's Italian restaurant wants to develop forecasts of daily demand for the next week. The restaurant is closed on Mondays and experiences a seasonal pattern for the other six day

Explain advances in technology have allowed hr services, Advances in techno...

Advances in technology have allowed HR services to be offered more on a self-service basis than in the past. True False

Explain what is the expected growth rate, Sidman Products' common stock cur...

Sidman Products' common stock currently sells for $51 a share. The firm is expected to earn $6.10 per share this year and to pay a year-end dividend of $2.40, and it finances only

Explain what is a learning organization?, Q1. What is a learning organizati...

Q1. What is a learning organization? Q2. 1. "JUST DO IT" advertisement for Nike. What is the marketing purpose of this slogan? Is this slogan effective? 2. "DAIMONDS ARE FORE

Write Your Message!

Captcha
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