In automobile industry there is a growing demand for electrical vehicles, in the present era, conduct an analysis on any commercially available electrical vehicle being used, consider initial investment, annual costs( operation costs/maintenance costs), salvage value, revenue if any with usage and find out whether buying an electric car is preferable or not over a conventional automobile which runs on fuel.(prepare estimate for conventional fuel run car and electrical car and evaluate which one is profitable using any project evaluation method of your choice). Discuss with an inference which one is preferred(Prepare for at least 3 years)

In automobile industry there is a growing demand for electrical vehicles, in the present era, conduct an analysis on any commercially available electrical vehicle being used, consider initial investment, annual costs( operation costs/maintenance costs), salvage value, revenue if any with usage and find out whether buying an electric car is preferable or not over a conventional automobile which runs on fuel.(prepare estimate for conventional fuel run car and electrical car and evaluate which one is profitable using any project evaluation method of your choice). Discuss with an inference which one is preferred(Prepare for at least 3 years)

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter5: Probability: An Introduction To Modeling Uncertainty

Section: Chapter Questions

Problem 18P: The J.R. Ryland Computer Company is considering a plant expansion to enable the company to begin...

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Tesla’s decision to produce a new line of compact and full sized cars resulted in the need to construct either a small plant or a large plant. The best selection of plant size depends on how the marketplace reacts to the new product line. To conduct an analysis, marketing management has decided to view the possible long-run demand as low, medium, or high. The following payoff table shows the projected profit in millions of dollars: Long Run Demand Plant size Low Medium High Small 80 200 350 Large 120 180 190 Construct an influence diagram. Construct a decision tree. Recommend a decision based on the use of the optimistic, conservative, and minimax regret approaches.
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The main automobile manufacturers have plans to spend millions of dollars on the research and development of innovative product and manufacturing processes that are necessary for the production of electric vehicles. Please provide a short explanation as to why they are investing in these technologies. Discuss both the possible advantages and the potential hazards that are associated with these investments.
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Assume that Rolando Corporation is considering the renovation and/or replacement of some of its older and outdated carpet-manufacturing equipment. Its objective is to improve the efficiency of operations in terms of both speed and reduction in the number of defects. The company’s finance department has compiled pertinent data that will allow it to conduct a marginal cost–benefit analysis for the proposed equipment replacement. The cash outlay for new equipment would be approximately $600,000. The net book value of the old equipment and its potential net selling price add up to $250,000. The total benefits from the new equipment (measured in today’s dollars) would be $900,000. The benefits of the old equipment over a similar period of time (measured in today’s dollars) would be $300,000. TO DO Create a spreadsheet to conduct a marginal cost–benefit analysis for Rolando Corporation, and determine the: 1. The marginal (added) benefits of the proposed new equipment. *
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Southland Corporation’s decision to produce a new line of recreational products resulted in the need to construct either a small plant or a large plant. The best selection of plant size depends on how the marketplace reacts to the new product line. To conduct an analysis, marketing management has decided to view the possible long-run demand as low, medium, or high. The following payoff table shows the projected profit in millions of dollars: What is the decision to be made, and what is the chance event for Southland’s problem? Construct a decision tree. Recommend a decision based on the use of the optimistic, conservative, and minimax regret approaches.
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