COIS11011 CQ University's Solar Power Strategy
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Central Queensland University
Foundations of Business Computing (COIS11011)
Added on 2020-02-23
COIS11011 CQ University's Solar Power Strategy
Central Queensland University
Foundations of Business Computing (COIS11011)
Added on 2020-02-23
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STUDENT ID:NAME:Executive SummaryThis paper contains an analysis and evaluation of information contained in the spreadsheet of this assignment. The first section is an analysis of the most suitable solar panel in a case where the gross return and the price of the solar panel are considered. The analysis contains a graphical representation of the two variables. Thisis used to illustrate how the two variables interact with each other to influence the overall score of the solar panel. The paper also analyzes the combination of different other variables and how they influence the decision on which solar panel to purchase. The individual variables such as efficiency and greenhouse gas reduction are also evaluated individually to determine which solar panel is suitable based on those individual factors.2
STUDENT ID:NAME:Table of ContentsIntroduction...................................................................................................................................4Analysis..........................................................................................................................................4Efficiency of solar panels............................................................................................................4Greenhouse gas reduction rate in tonnes/year..........................................................................4Should CQU adopt solar panels as a source of electricity?..........................................................4Scorecard based on gross return alone.......................................................................................6Scorecard based on gross return alone.......................................................................................7Scorecard based on value of electricity generated per year.......................................................7Consideration if the greenhouse gas reduction was weighed twice as high as the other variables.....................................................................................................................................7Consideration if the Greenhouse gas reduction rate was weighed three times higher than the other variables............................................................................................................................8Gross return consideration and economic consideration of UCQ adopting the installation of solar panels................................................................................................................................9Recommendation.........................................................................................................................10Conclusion....................................................................................................................................10References....................................................................................................................................113
STUDENT ID:NAME:Introduction This paper analyzes the data that has been calculated in a spreadsheet of CQ University Solar Power Analysis Worksheet. The paper analyzes the results of different calculations on solar panel types that are suitable for a particular type of business. The paper analyzes the best choice of solar panel in the case where the university considers both the gross return and the price. The paper analyzes the overall scores for all the ten solar panel types under consideration (Business Computing: Grundlagen und Standardsoftware,2012).AnalysisEfficiency of solar panelsThe efficiency of each solar panel is also considered and compared to each other to determine the most efficient solar panel. Another variable being analyzed is the value of electricity generated by each of the generators per year. Fusion Catcha generator has the highest electricity production capacity with a value of $613. The analysis helps the university to determine the best solar panel from among the ten. The decision on the solar panels to be installed depends on a combination of a variety of factors (Adomavicius & Gupta, 2009).Greenhouse gas reduction rate in tonnes/year The greenhouse gas reduction for each and every solar panel is also calculated and analyzed. The greenhouse gas reduction is measured in tones per year. Fusion Catcha solar panel has the highest reduction rate at 3.57 tons per year. This is important because it establishes the environmental sustainability of the solar panels.Should CQU adopt solar panels as a source of electricity? CQU University should adopt solar panels. This is because of the many advantages that the solar panels are seen to posses when compared to other sources of energy. The cost of solar panel installation is also low and the no monthly bills need to be paid. CQU should therefore install solar panels due to the advantages highlighted from the analysis that follows.4
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