Radio Frequency Identification (RFIO) is a technology used by drivers with speed
ID: 2076278 • Letter: R
Question
Radio Frequency Identification (RFIO) is a technology used by drivers with speed passes at toll booths. ranchers who track livestock on the open range, postal service companies to follow parcels over delivery routes, etc. A manufacturing company just started to use this technology to tag its products for inventory control. The industrial engineer estimates this will save $1.3 million per month beginning 3 months from now. How much should the company spend now to implement this technology at an interest rate of 12% per year compounded monthly if it wants to recover its investment in 2 7* years? Solve this problem with EXCEL. Include a cash flow table and cash flow diagram.Explanation / Answer
Least expensive route
400 yards west + 300 yards north wire via land cost
700*3=2100 dollars
if we consider 500 yards route which is over the water, costs 2500 dollars
and
some distance on land and some distance over the water cost high as compared to the First method
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