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Essay / Research Paper Abstract
This 5 page paper looks at the way probability may be used to assess if a decision to outsource technical personnel to Mexico would be advisable. The paper demonstrates the way an analysis may take place and demonstrates probability calculations. The bibliography cites 2 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEoutstat.rtf
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Unformatted sample text from the term paper:
decision is whether or not to outsource IT functions, including the use of IT personnel to a country outside the US, such as Mexico, or leave the processes in the
US. There are risk associated with each approach, as such there is the need assess the risk in order to make a sound decision.
The decision to consider transferring IT personnel to Mexico may be based on the idea of comparative advantage and the lower wages and overhead costs, as well as
the potential to outsource so that there are fewer direct costs incurred to the firm. The initial assessment will be made on the basis of a cost benefit analysis to
assess the benefits that will be realised against the costs that will be incurred. The origins of this tool are can be found in the feasibility studies for public
sector expenditure, and has been increasingly popular since the 1970s. For this to operate there is a need for a common measure to be used in order for the
cost and the benefit to be assessed, in this case the measure of dollars. The tool is used by economists in order to evaluate collective costs. The calculation will need
input that is representative of the physical results of the current action, or even the current inaction. This is then compared to the costs that would be involved in avoiding
the negative actions or to create the positive effects required. If we assume that there is a positive cost benefit analysis, here it is estimated that the benefit gained is
$100,000 per annum then the decision appears simple. However, this is an assumption based on current costs; there are many potential influences that could change this outcome which should be
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