Premium Essay

Proposed System

In:

Submitted By melothoma
Words 902
Pages 4
1. Briefly compare and contrast the four techniques for analyzing the costs and benefits of a proposed system. What do you see as particular strengths and weakness of each method?

The four techniques are break-even analysis, payback, cash-flow analysis, and present value analysis. All these techniques provide straightforward ways of yielding information to decision markers around the worthiness of a proposed system (Kendall & Kendall, 2014, p. 66).
Break-even analysis is useful when a business is growing and volume is a key variable in costs. It can also determine how long it will take for the benefits of the system to pay back the costs of developing it. One disadvantage of break-even analysis is that benefits are assumed to remain the same, regardless of which system is in place (Kendall & Kendall, 2014, p. 67).

Payback period is the length of time required to recover the cost of an investment. The payback period of a given investment or project is an important determinant of whether to undertake the position or project, as longer payback periods are typically not desirable for investment positions.
There are two main problems with the payback period method: 1. It ignores any benefits that occur after the payback period and, therefore, does not measure profitability. 2. It ignores the time value of money. Because of these reasons, other methods of capital budgeting, like net present value, internal rate of return or discounted cash flow, are generally preferred ("Payback Period Definition | Investopedia").

Cash-flow analysis is used to determine when a company will begin to make a profit and when it will be “out of the read” – that is, when revenue has made up for the initial investment. The proposed systems should have increased revenues along with cash outlays. Then the size of the cash flow must be analyzed, along with the patterns of cash

Similar Documents

Premium Essay

Proposed System Requirements

...Proposed System Requirements The ability to anticipate what customers will purchase during a particular period becomes a strong advantage for Kudler Fine Foods. Currently, the store tracks purchases per transaction for reporting and financial purposes. However, it is far more advantageous to know in advance the products shoppers are likely to buy. Analyzing system capabilities determine the requirements for such a project. Nonfunctional system requirements are also important. The analysis of nonfunctional system requirements include sustaining the usability, speed, efficiency, capabilities, and security features of the Point of Sale systems when tracking transactions from Point of Sale registers. The operational requirements entail modified software programming to track customer purchases, initially generating account numbers as identifiers for each participating program customer. Increasing the communications performance of the Point of Sale system to handle the amount of transaction data transferred for each customer account is essential. The system will support multiple registers and data transactions simultaneously and efficiently as illustrated in Diagram 2: High-Level Logical Data Flow. The next phase entails a review of functional system requirements. Diagram 2: High-Level Logical Data Flow The functional requirements of Kudler Fine Foods’ information systems include the capacity to accumulate and store data files resulting from customer purchases, facilitate financial...

Words: 304 - Pages: 2

Free Essay

Proposing and Designing a Student Information System for Spahs Then Evaluating the Proposed Design

...ABSTRACT Information system in any organization is an essential element. For this purpose, many organization spend budget to buy a good system in order to have a reliable system to be operated in their organization. These are Information Systems (IS) used to generate, collect, organize, store, retrieve, and disseminate information. Specific IS used to manage student information is referred to as Student Information System (SIS). This research proposed a SIS for Saint Paul’s Academy High School (SPAHS) to address its problems with regard to managing student information which are in enormous amount of paper, documents or records filed in folders and stored in filing cabinets. Considering that information is a set or collection of data, with the manual information system approach, generating information suffers difficulties. After identifying the problem of SPAHS, a system architecture of the proposed SIS was established. The system architecture used a three tiered pattern and Unified Modeling Language (UML) was used to present the different views of the systems architecture. Functionalities include tracking all the details of a student from the day one to the end of the students stay in the school which can be used for all reporting purpose, tracking of attendance, progress in the subject, completed school years, project or any other assignment details, final exam result and all these will be available through a secure, online interface embedded in the school’s website. It will...

Words: 5320 - Pages: 22

Premium Essay

Proposed System Conceptual Framework or Model for Padini

...Proposed system conceptual framework or model for Padini We have discussed the problems faced by Padini. Consequently ,we determined use the three proposed system conceptual framework to solve the problems occur in Padini. The proposed system conceptual framework including Customer Relationship Management (CRM), Information system strategies for dealing with competitive forces and Supply Chain Management System 1) Customer Relationship Management (CRM) Based on the problems faced by Padini, our information system team had decided to apply customer relationship management system to solve the problem that Padini had failed to build a strong relationship between its products and customers. In addition, modules that including in CRM system can helps Padini increasing their sales. Customer relationship management system is a strategy used to learn more about customers' needs and behaviors in order to develop stronger relationships with them. Good customer relationships are at the heart of business success. This strategy depends on bringing together lots of pieces of information about customers and market trends so enterprise can sell and market their products and services more effectively. Customer Relationship Management system examine customers from a multifaceted perspective. These system use a set of integrated applications to address all aspects of the customer relationship, including customer service, sales and marketing. Customer Service Padini is a large brand...

Words: 1269 - Pages: 6

Premium Essay

Management Information Sytems

...for watching video? Can you identify any shortcomings of the device? 2. Compare the capabilities of the Kindle to the iPad. Which is a better device for reading books? Explain your answer. 3. Would you like to use an iPad or Kindle for the books you use in your college courses or read for pleasure instead of traditional print publications? Why or why not? II Porter’s competitive forces model helps companies develop competitive strategies using information systems. In this context answer the following questions: 1. Define Porter’s competitive forces model and explain how it works. 2. Describe what the competitive forces model explains about competitive advantage. 3. List and describe four competitive strategies enabled by information systems that firms can pursue. 4. Describe how information systems can support each of these competitive strategies and give examples. 5. Explain why aligning IT with business objectives is essential for strategic use of systems. III Discussion Questions 1. It has been said that there is no such thing as a sustainable competitive advantage. Do you agree? Why or why not? 2. It has been said that the advantage that leading-edge retailers such as Dell and Wal-Mart have over their competition isn’t technology; it’s their management. Do you agree? Why or why not? 3. What are some of the issues to consider in determining whether the Internet would provide your business with a...

Words: 296 - Pages: 2

Free Essay

Social

...Structural functional theory is when society is a complex system of interconnected and interrelated social structures each having a function and working together to promote social stability. One hundred million people shop at Wal-Mart every week. Wal-Mart is very convenient for people to shop at. Most people do not even have to shop at other stores because Wal-Mart has everything. It’s also convenient because it is right around the corner from a lot of customers houses; they don’t have to travel far to find a Wal-Mart store so they save gas. People already know that Wal-Mart has the lowest prices so they don’t have to search for stores with low prices. The items sold are good quality as well as cheap. What more could someone ask for. Wal-Mart is a world leader in logistics and promotes greater efficiency between its suppliers. Bob McAdam who is the Wal-Mart vice president states in the video, “We are raising the standard of living through lowering the cost of goods for people.” He is saying that Wal-Mart is good for Structural functional theory is when society is a complex system of interconnected and interrelated social structures each having a function and working together to promote social stability. One hundred million people shop at Wal-Mart every week. Wal-Mart is very convenient for people to shop at. Most people do not even have to shop at other stores because Wal-Mart has everything. It’s also convenient because it is right around the corner from a lot of customers houses;...

Words: 1849 - Pages: 8

Premium Essay

Summary Mullins

...The systems approach Attempts to reconcile the classical approach (emphasised the technical requirements of the organisation and its needs) with the human relations approach (emphasised the psychological and social aspects, and the consideration of humans needs). The attention is focused on the total work organization and the interrelationship of structure and behavior, and the range of the variables within the organisation. The principal idea is that any part of an organisations activities affects all others parts. The business organisation is an open system, there is continual interaction with the broader external environment of which it is part. The systems approach views the organisation within its total environment and emphasies the importance of multiple channels of interaction. The systems approachs views the organisation as a whole and involves the study of the organisations in terms of the relationships between technical and social variables within the system. The contingency approach This approach explain that the most appropriate structure and system pf management is therefore dependent upon the contingencies of the situation for each particular organisation, this approach implies that the organisation theory shouldn’t seek to suggest one best way to structure or manage organisation but should provide insights into the situational and contextual factors which influence management decisions. Other approaches to the study of organisations: -The decision-making...

Words: 366 - Pages: 2

Premium Essay

Miss M Mei

...Chapter 1: Two Different Worldviews   The Framework of Individual Psychology   The Framework of Systemic Family Therapy   Basic Concepts of Systems Theory and Cybernetics   Family Therapy or Relationship Therapy?   Summary    Chapter 2: The Historical Perspective   Planting the Seeds: The 1940s   Cybernetics   Development of Interdisciplinary Approaches   Gregory Bateson   Putting Down Roots: The 1950s   Bateson (Continued)    The Double-Bind Hypothesis   Nathan Ackerman   Murray Bowen   Carl Whitaker   Theodore Lidz   Lyman Wynne   Ivan Boszormenyi-Nagy   John Elderkin Bell   Christian F. Midelfort  Overview of the 1950s   The Plant Begins to Bud: The 1960s   Paradigm Shift   The MRI   Salvador Minuchin   Other Developments   Blossom Time: The 1970s   Psychodynamic Approaches   Natural Systems Theory   Experiential Approaches  Structural Approaches   Strategic Approaches   Communication Approaches   Behavioral Approaches   Gregory Bateson   Connecting and Integrating: The 1980s   Other Voices   The Limits of History   Controversy, Conflict, and Beyond: The 1990s   The Feminist Critique   Family Therapy and Family Medicine   Integration and Metaframeworks   Managed Care   The Twenty-First Century: Continuing Concerns and Emerging Trends   Summary   Chapter 3: The Paradigmatic Shift of Systems Theory   A Cybernetic Epistemology   Recursion   Feedback   Morphostasis/Morphogenesis   Rules and Boundaries   Openness/Closedness   ...

Words: 954 - Pages: 4

Premium Essay

Know and How Reflections

...first lectures of the course show an empirical and theoretical view of the major principles of the organizational design as well as the alternative design forms. The stakeholders, both insiders and outsiders, and their behavior or relations of cooperation and competition suppose an analysis need that provides them of a huge importance. I also realize about the importance of the agency theory and the problems and remedies caused, improving the importance of efficient corporate governance. This need of a good organization is solved by the systems theory, ”Organizations are systems of interdependent activities linking shifting coalitions of participants; the systems are embedded in – dependent on continuing exchange with and constituted by – the environments in which they operate”. (Scott, 1998:28). The systems which formed the organization have a common target and are classified in three levels based on their relevance. Both, stakeholders and systems, needs an analysis in order to get success in our procedures and adapt the venture structure to the different organizational designs provided in the lectures. After understanding these concepts, the lectures focused on the relation between the main management factors (Vision and mission) and the drivers analyzed, providing goals and strategies to the organization. As important as the creative process is the analysis to know the organizational boundaries, which let the organization look for available goals based on the efficiency and effectiveness...

Words: 824 - Pages: 4

Premium Essay

Dfsh

...for watching video? Can you identify any shortcomings of the device? 2. Compare the capabilities of the Kindle to the iPad. Which is a better device for reading books? Explain your answer. 3. Would you like to use an iPad or Kindle for the books you use in your college courses or read for pleasure instead of traditional print publications? Why or why not? II Porter’s competitive forces model helps companies develop competitive strategies using information systems. In this context answer the following questions: 1. Define Porter’s competitive forces model and explain how it works. 2. Describe what the competitive forces model explains about competitive advantage. 3. List and describe four competitive strategies enabled by information systems that firms can pursue. 4. Describe how information systems can support each of these competitive strategies and give examples. 5. Explain why aligning IT with business objectives is essential for strategic use of systems. III Discussion Questions 1. It has been said that there is no such thing as a sustainable competitive advantage. Do you agree? Why or why not? 2. It has been said that the advantage that leading-edge retailers such as Dell and Wal-Mart have over their competition isn’t technology; it’s their management. Do you agree? Why or why not? 3. What are some of the issues to consider in determining whether the Internet would provide your business with a...

Words: 296 - Pages: 2

Premium Essay

Organizations as a System.

...Organizations as a system. A system is a whole made up of parts. Each part can affect the way other parts work and the way all parts work together will determine how well the system works. when can look at business organization as a system because it conforms to the system definition; it recognizes the interrelationships of people, processes, decisions and designs organizational structure in order to realize its projected economic goal. An organization with a good designed system will requires an understanding of how all the parts (for instance, HR department, production department, logistic department, finance department, sales department, marketing department, IT department …etc) fit together as a whole, an intimate understanding of the parts themselves for a better understanding of endogenous event and a full awareness of the organization’s environment including the other external systems to which it is connected to better prepare for exogenous changes. Some hypothetical problems that disrupt the balance of the an organization would be a coordination or communication issue between departments, for instance HR department not selecting adequate candidate for a specific job skill because it did not have all relevant information about the job, or for instance marketing department lunches a new product without integrating logistic department in the project which may cause delays of production and order fulfillment issues. Another issue that may disrupt the balance of the system is exogenous...

Words: 450 - Pages: 2

Free Essay

Computational Chemistry

...PubMed Abstract: Retroviral capsid proteins are conserved structurally but assemble into different morphologies. The mature human immunodeficiency virus-1 (HIV-1) capsid is best described by a 'fullerene cone' model, in which hexamers of the capsid protein are linked to form a hexagonal surface lattice that is closed by incorporating 12 capsid-protein pentamers. HIV-1 capsid protein contains an amino-terminal domain (NTD) comprising seven α-helices and a β-hairpin, a carboxy-terminal domain (CTD) comprising four α-helices, and a flexible linker with a 310-helix connecting the two structural domains. Structures of the capsid-protein assembly units have been determined by X-ray crystallography; however, structural information regarding the assembled capsid and the contacts between the assembly units is incomplete. Here we report the cryo-electron microscopy structure of a tubular HIV-1 capsid-protein assembly at 8 Å resolution and the three-dimensional structure of a native HIV-1 core by cryo-electron tomography. The structure of the tubular assembly shows, at the three-fold interface, a three-helix bundle with critical hydrophobic interactions. Mutagenesis studies confirm that hydrophobic residues in the centre of the three-helix bundle are crucial for capsid assembly and stability, and for viral infectivity. The cryo-electron-microscopy structures enable modelling by large-scale molecular dynamics simulation, resulting in all-atom models for the hexamer-of-hexamer and pentamer-of-hexamer...

Words: 274 - Pages: 2

Premium Essay

10th Malaysian Plan

...Manager, Telecoms & Broadcast Services * Managing existing clientele and building new potential customers in the assigned territory * Responsible for developing, positioning and selling the broadcast service across the region * Continually building and improving the broadband, multimedia and broadcast services thru innovative pre-sales and marketing activities. * Working closely with engineering and product team to improve delivery of Speedcast products and services. MEASAT Satellite Systems – Assistant Manager, Ground Engineering * To co-ordinate, monitor and perform all ground systems equipment and VAS maintenance and operations; * To perform anomaly / fault investigation and produce appropriate documentation / technical reports as directed; * To develop new testing procedure and suggest procedure enhancement for increase operating efficiency; * To participate in the procuring, commissioning and testing of new earth station or VAS systems. Be part of the...

Words: 499 - Pages: 2

Free Essay

My Thought on 2go

...well: This chapter involves review of previous studies and researches carried out which were found to be related to this presently. Detailed review of literature was carried out to cover the following study areas as shown: - Organizations - Management - Motivation (Reward) and its theories - Relevance of motivation (reward) on productivity. 2.2 ORGANIZATION Organization can be defined as two or more people who work together in structured way achieve a specific goal or goals. Organization can be defined form diverse perspectives. According to Scott (1981) these are there perspective for defining organization these are: 1. Organization as rational systems. 2. Organization as natural systems. 3. Organizations an open system. Organization as Rational Systems: The definition of Organizations as a rational system emphasizes two major characteristic of Organizations. a. Specification of goals b. Formalization of structure. According or Barnard (1938) “formal Organization is that kind of cooperation concision of men that are conscious l deliberate and purposeful Scott (1981). Defines an Organization as a collectively oriented to the pursuit of relatively specific goals an exhibiting a relatively highly formalized social...

Words: 272 - Pages: 2

Free Essay

Hrdv 55630

...Nakelya Moragne 03-18-2014 HRDV 5630 QE S2 2.) How does OD differ from a single-change technique such as management training? Answer: OD represents a systems approach that is concerned with the interrelationship of various divisions, departments, groups, and individuals as interdependent subsystems of the total organization. A single technique such as management training is aimed at changing individual behavior, whereas OD is focused on the larger goal of developing an organization-wide improvement in managerial style. OD uses many different techniques and no single technique represents the OD discipline. 5.) Explain three basic responses an individual may have to socialization. Socialization is the process that adapts employees to the organization’s culture. An individual may respond to the socialization in three basic ways. The notion of socialization has been primarily a result of the inequality that exist within the capital system, as a result of the relationship present between the capitalist and the workers strata of the society. Though the response of capitalism to socialization has traditionally been harsh claiming it to be against the right of ownership for which the capitalist system stands for, the response have been changing in its magnitude from time to time. In today’s world where we are witnessing such acute difference in the wealth distribution in different parts of the world. Individuals may be worried about how they’re going to interact with their...

Words: 1238 - Pages: 5

Free Essay

Cis 510 Week 7 Assignment 3

...outside of the suggested resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, your name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: Design high-level logical system characteristics (user interface design, design of data and information requirements). Develop clear and concise business requirements documents and convert them into technical specifications. Use technology and information resources to research issues in...

Words: 322 - Pages: 2