To analyze the potential trade-offs Drehex Corporation may face, we need to consider both the cost and time estimates for each person. Here's a detailed step-by-step explanation:
### Given Data:
- Camilla:
- Cost per Hour: [tex]$40
- Time to Complete Job: 20 hours
- Total Cost: $[/tex]800
- John:
- Cost per Hour: [tex]$30
- Time to Complete Job: 30 hours
- Total Cost: $[/tex]900
- Nora:
- Cost per Hour: [tex]$20
- Time to Complete Job: 40 hours
- Total Cost: $[/tex]800
- Oracio:
- Cost per Hour: [tex]$15
- Time to Complete Job: 50 hours
- Total Cost: $[/tex]750
### Trade-Offs Analysis:
1. Camilla:
- Total Cost: [tex]$800
- Time to Complete: 20 hours
Trade-Off: Camilla's option is cost-effective in terms of project completion time (the shortest duration of 20 hours). However, the cost is relatively higher compared to Nora and Oracio. Drehex Corporation may choose Camilla if completing the project quickly is a priority.
2. John:
- Total Cost: $[/tex]900
- Time to Complete: 30 hours
Trade-Off: John's option has a higher total cost of [tex]$900 and a moderate project duration of 30 hours. This is neither the cheapest nor the quickest option. Choosing John might not be ideal unless his specific expertise or experience brings additional value.
3. Nora:
- Total Cost: $[/tex]800
- Time to Complete: 40 hours
Trade-Off: Nora matches Camilla's total cost of [tex]$800 but requires double the time (40 hours). This implies a significant trade-off between cost and time. Nora's option is cost-effective but time-extensive. Drehex might opt for this if budget is tight and project duration isn't as critical.
4. Oracio:
- Total Cost: $[/tex]750
- Time to Complete: 50 hours
Trade-Off: Oracio offers the lowest total cost, making it the most budget-friendly option. However, the time duration of 50 hours is the longest among the four. This option is best for scenarios where cost minimization is crucial, and project duration is flexible.
### Conclusion:
The trade-offs Drehex Corporation may need to consider are primarily between cost and time:
- If time efficiency is critical, Camilla is the best choice despite the higher cost.
- If budget constraints are the primary concern, Oracio offers the lowest cost but at the expense of a longer project duration.
- Nora's option serves as a middle ground for a lower cost (same as Camilla) but requires a longer duration.
- John's option does not stand out in terms of either cost or time, unless additional non-monetary factors favor his selection.
Ultimately, the decision will depend on whether Drehex Corporation prioritizes minimizing costs or completing the project quickly.
