Case Scenario:
Jack and Diane have different ideas about investing in their house. Diane wants to build a sunroom addition, but Jack is frugal and wants to switch to an accelerated mortgage payment to save on interest. They call Paulson & Sons, a contracting firm, specializing in home renovations and additions, for a consultation. After some wrangling amongst themselves, Jack and Diane agree to put the issue to Mr. Paulson—they tell the contractor that for the amount they’re prepared to spend, $100,000.00, if he can build an addition which can yield at least a 125% return on their investment, they will proceed with Diane’s preference, the addition.
MUST USE EXCEL TO SOLVE
BE SURE TO MAP THEM AS SOME OF THESE CAN BE DONE IN PARALLEL WHILE OTHERS MUST BE DONE IN SERIES
1) Construct a table???
2) Describe the quantitative methodology used.
3) Explain how this model helps in solving a professional or personal problem.
I anticipate the following tasks will be involved:
1) Permit
2) Demolition
3) Framing
4) Electrical changes
5) Drywall, plastering
6) Flooring
9) Windows
10) Paint and wallpaper
12) Window covering
13) Final permit inspection