In this M2M example, the advantages of a loT-based solution are shown with the help of a current health band. What is the difference between M2M and loT?
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In this M2M example, the advantages of a loT-based solution are shown with the help of a current health band. What is the difference between M2M and loT?
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- In comparison to the SECI model, consider the Wiig KM model. Describe how they interact to support your solution. If not, would you consider including any of the model's omitted components? What obstacles are most likely to stand in the way of each of your recommendations, and how would you overcome them?You have two design options for your new line of high-resolution monitors for Computer-Aided Design (CAD) workstations. The production run is for 110,000 units. Design option A has a .90 probability of yielding 65 good monitors per 100 and a .10 probability of yielding 70 good monitors per 100. This design will cost $1,000,000. Design option B has a .80 probability of yielding 65 good units per 100 and a .20 probability of yielding 60 good units per 100. This design will cost $1,350,000. Good or bad, each monitor will cost $75. Each good monitor will sell for $150. Bad monitors are destroyed and have no salvage value. We ignore any disposal costs in this problem. Demonstrate how decision trees can be used in order to choose the design option based on the above situation. Calculate the expected monetary value (EMV) of each option and determine which option you will propose.What is the optimal role of a C-level post, strategically integrated into decision making in an organization?
- The operations manager for an auto supply company is evaluating the potential purchase of a new machine for the production of a transmission component. Current manufacturing costs are fixed costs of $11,000 and a variable cost of $0.50 per unit. The new machine would have fixed cost of $4,000 and a variable cost of $0.75 per unit. Each component is sold for $1.50 per unit. Develop two separate models in your spreadsheet to calculate Total Profit for each option. The models must be flexible and able to calculate Total profit for any Quantity produced. ( use an excel sheet to show formulas) . Find the break-even quantity for each optionSystems Development Life Cycle: Objectives and Requirements Source: http://www.benderrbt.com/Bender-SDLC.pdf A systems development lifecycle (SDLC) has three primary objectives: ensure that high quality systems are delivered, provide strong management controls over the projects, and maximise the productivity of the systems staff. In order to meet these objectives, the SDLC has many specific requirements it must meet, including: being able to support projects and systems of various scopes and types, supporting all of the technical activities, supporting all of the management activities, being highly usable, and providing guidance on how to install it. The management activities include: setting priorities, defining objectives, project tracking and status reporting, change control, risk assessment, step wise commitment, cost/benefit analysis, user interaction, managing vendors, post implementation reviews, and quality assurance reviews. In order to meet all of the SDLC's objectives and…Audiocables inc is currently manufacturing an adapter that has a variable cost of $0.50 per unit and a selling price of $1.20 per unit. Fixed costs are $14,000. Current sales volume is 30,000 units. The firm can substantially improve the product quality be adding a new piece of equipment at an additional fixed cost of $6,000. Variable costs would increase to$0.60, but sales volume should jump to 50,000 units due to higher quality products. What is the current profit and proposed profit of the sales of Audiocables? Should audiocables buy new equipment?
- : You are employed by Univeristy of Gujrat , a university that provides a range of training and education, including Computing, and Information & Communication Technology (ITC). The Head of Department of ITC, Mr Rumi, has discovered that on more than one occasion recently a computer virus has been introduced to the computers in the department. He thinks that the viruses have been introduced from computer disks brought in by students. He has decided to introduce a system where all disks used in the department must be checked for a virus before they can be put into the computers. He says to you, I would like you to send a memo in my name to all teachers who use the computer rooms. You will have to tell them that all disks brought in by students must be checked before there are used. The teachers have to check them carefully, of course. We have got to stop these viruses being introduced before they cause serious problems. Oh yes, reminds them to lock up the rooms when they leave.…Lake Stevens Marina has estimated that fixed costs per month are $350,000 and variable cost per dollar of sales is $0.30 . The selling price per dollar of sales is: $1.00 Determine the effect on the break-even point in sales dollars considering each of the following independently. 1. Total fixed costs increase to $365,000. Break-even point = ÷ = 2. Variable costs decline to $0.25 per sales dollar. Break-even point = ÷ = 3. The anticipated sales volume increases to $1,100,000. Break-even point = ÷ = Comment on the BEPs from the above analyses in questions 1,2,3.The Platinum Star Hotel in Kingston, NY, is considering doing overbooking in order to deal with the constant problem they have with no-shows. The table given below presents the number of no-shows and the probability of each occurring. Number of Shows (d) Probability of No-shows Occurring P(d) 0 0.10 1 0.07 2 0.12 3 0.02 4 0.07 5 0.01 6 0.04 7 0.19 8 0.22 9 0.16 a) What would be your recommendation for overbooking if the average rate per room per night is S125 and the cost of not honoring a reservation is $155? b) What is the expected loss for your overbooking choice? c) State the reasoning for selecting your overbooking choice?
- In this part, rather of using an M2M-oriented method, we will utilize a health band as a real-world example to highlight the potential and benefits of a LoT-oriented approach as opposed to an M2M-oriented approach. What are the most significant distinctions between M2M and the Internet of Things?ABC Inc. must purchase a welding machine. The following is known about the machine and about possible cash flows. p=.40 p=.30 p=.30 First cost $40,000 $40,000 $40,000 Annual savings 2,000 5,000 8,000 Annual costs 12,000 8,000 6,000 Actual salvage value 4,000 5,000 6,500 The machine is expected to have a useful life of 8 years. The company has a MARR of 7%. Determine the NPW of the machine.A company is considering three vendors for purchasing a CRM system: Delphi Inc., CRM International, and Murray Analytics. The costs of the system are expected to depend on the length of time required to implement the system, which depends on such factors as the amount of customization required, integration with legacy systems, resistance to change, and so on. Each vendor has different expertise in handling these things, which affect the cost. The costs (in millions of $) are shown below for short, medium, and long implementation durations. Use the Excel template Decision Analysis to identify what vendor to select. Decision Alternative Short Medium Long Delphi Inc. $4.20 $4.50 $5.75 CRM International $3.30 $5.50 $6.25 Murray Analytics $4.90 $5.20 $5.65 Fill in the table below for maximum and minimum costs under each alternative. Carry out an analysis considering costs as negative numbers. Round your answers to the nearest cent. Decision Alternative Maximum Minimum…