are the robots economical? 2 Fundamentals of an Economic Decision . . . an example t Problem Data 0 10(-200K)- 45K 1 10(+50K-15K) 2 “ … N=9 “ Fundamentals of an Economic Decision 12 ARt - 2,045K 350K 350K . . . an example 13 t ARt = BRt - CRt 0 - 2,045K 0 2,045K 1 350K 350K 0 2 350K 350K 0 … N=9 350K 350K 0 350K BR(.1) = 350(F/A,.1,9) = $4752.8K CR(.1) = 2045(F/P,.1,9) = $4822.0K Reject; note only 1.4% difference! Fundamentals of an Economic Decision Summary 14 A fundamental choice:…
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