Decisions in Paradise Part II

Decisions in - Paradise 1 Decisions in Paradise Part II MGT 350 Douglas Reed 1 Paradise 2 Decision in Paradise Part II Nik and Alex have

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Paradise 1 Decisions in Paradise Part II MGT 350 1-11-2010 Douglas Reed 1
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Paradise 2 Decision in Paradise Part II Nik and Alex have established a plan to begin construction of a new Wyndham resort on the island of Kava. The purpose of this paper will be to develop a decision- making technique that will critique Nik and Alex’s proposal. Nik and Alex have decided to use a cost-benefit analysis to examine Wyndam’s presence in Kava. A cost-benefit analysis “adds up the value of the benefits of a course of action, and subtracts the costs associated with the change” (Mindtools, para 4, 2010). Using the cost-benefit analysis is an effective tool for justifying project expenditures. Cost-benefit Analysis Using the cost-benefit analysis technique will help Nik and Alex determine if there plan will be profitable. “Cost-benefit analysis finds, quantifies, and adds all the positive factors, the benefits, and then it identifies, quantifies, and subtracts all the negatives, the cost; the difference between the two indicates whether the planned action is advisable” (Reh, p. 1, n.d). The first step Nik must take is to create a list of potential cost associated with the Kava project. Costs include but are not limited to equipment, personnel, maintenance, implementation time, and environmental impact. Nik must provide Chris Morales a detail
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This note was uploaded on 11/20/2011 for the course MGT 350 taught by Professor Adams during the Spring '08 term at University of Phoenix.

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Decisions in - Paradise 1 Decisions in Paradise Part II MGT 350 Douglas Reed 1 Paradise 2 Decision in Paradise Part II Nik and Alex have

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