Advanced Engineering Economics
Scheduling -- Computer programs -- Economic aspects, Cloud computing -- Economic aspects, Web services, New business enterprises -- Evaluation
The principal objective of the project was to determine the viability of proposed business alternatives by leveraging appropriate economic analysis methods. To scope and outline assumptions, a section on background research was performed and documented. The numbers from this initial research was plugged into development costs, pricing and ongoing operation expenses. Four solutions were considered: two product designs using two different development models. A conservative minimum attractive rate of return was established and applied to the models. A detailed analysis was conducted and results showed at least one viable option. Due to the limited resources and time available, many assumptions will need further investigation.
Bhella, Opinderjit; Elliot, John; Gilliland, Garrett; Ibarra, Maria M.; Rahimi, Noshad; and Runde, Neil, "Economic Analysis of Developing a Web Based Scheduling Platform as a New Business Opportunity" (2012). Engineering and Technology Management Student Projects. 552.