Economic analysis of the new system
... analysis of a new system Economic analysis of a new system New System Investment and Implementation Costs In sum, it is clear that when deciding to implement or practice new systems within an organization, the managers need to realize that new systems require a lot of capital. In addition, they also incur large sum of money in the investment of time spent acquiring knowledge about a particular environment, testing the system, staff and the associated reduction in efficiency due to operating with a new and unknown service.
2. New System Operation Costs
The new system operation costs will include services such as correct usage of power, maintenance of firm physical facilities, identifying the operat...