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COIS11011 Foundations of Business Computing Assignment

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Foundations of Business Computing (COIS11011)

   

Added on  2020-04-21

COIS11011 Foundations of Business Computing Assignment

   

Foundations of Business Computing (COIS11011)

   Added on 2020-04-21

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Running head: FOUNDATIONS OF BUSINESS COMPUTING CQUniversity’s Solar Power StrategyName of the studentName of the universityAuthor’s note
COIS11011 Foundations of Business Computing Assignment_1
1FOUNDATIONS OF BUSINESS COMPUTING Executive Summary In the present assignment we analysed a proposal by CQUniversity for the use of Solar Panels.The use of Solar Energy as a form of renewable energy resource is fast developing as a viableoption to the use of fossil fuels. In this task, we analysed the efficiency of 10 solar panels. Thesolar panels were judged on the basis of their price, energy output, greenhouse gas reduction,efficiency and thus their overall scores. The analysis of the data showed that the solar panelmanufactured by "Fusion Catcha" had the highest overall scores. The panels made by the"Fusion Catcha" had a very high greenhouse gas reduction, while the gross return is low. It isalso found that the price of the organization is also high as compared to the prices of solar panelsby other organizations. The analysis found that when the weightage of greenhouse gasreductions is increased by two or three times then also the overall score of the panels of "FusionCatcha" is the best. The university should analyse further data in order to make a decisionregarding the best solar panels.
COIS11011 Foundations of Business Computing Assignment_2
2FOUNDATIONS OF BUSINESS COMPUTING Table of ContentsIntroduction......................................................................................................................................3Discussion........................................................................................................................................3Conclusion and Recommendations..................................................................................................3Reference.........................................................................................................................................3
COIS11011 Foundations of Business Computing Assignment_3
3FOUNDATIONS OF BUSINESS COMPUTING Introduction Electricity is generated by the use of either of renewable or non-renewable energyresources. The non-renewable sources of electricity generation are coal, fossil fuels and nuclearmaterials. The non-renewable energy resources are limited in nature and it is viable to produceelectricity from these resources till the time it is economically viable. On the other handrenewable energy resources are wind, solar, hydel, geothermal and biomass. There is anunlimited amount of renewable energy resources. Solar Power refers to the generation of electricity from sunlight. Herein, the analyst has analysed the solar power strategy for CQUniversity. Toinvestigate the strategy, solar panels of 10 different organizations were chosen. Data wascollected for the output capacity of the solar panels based on the length and width of the panels.The prices ($) of the solar panels was also collected. The following parameters have been calculated to compare the solar panels. Area (sqM) of different solar panels was calculated. To calculate the area Length andWidth of the Solar Panels were multiplied. Electricity Generated (KW/Year) was calculated by multiplying the output of each solarpanel with the number of days in a year (i.e., 365), the number of hours of sunlight per day (7).The above result was divided by 1000 to get the Electricity generated in a year. The Value of Electricity generated ($/Year) was calculated by multiplying the ElectricityGenerated per year with price of Electricity (0.15 $/KWh). The Efficiency (%) of the solar panels of different organizations was calculated from theoutput capacity (W) of different solar panels by 1000 times the area of the solar panels. Greenhouse Gas Reductions (Tons/Year) is calculated as the thousandth part of productof Electricity generated in one year and Greenhouse reduction factor.The Gross Return Per Year is the ratio of value of electricity generated per year to theprice of the solar panel. The sun is the source of Solar Energy. The most important benefit of using solar energyis that it is a form of renewable energy. Solar energy is available throughout the day and can beharnessed from around the earth. Moreover, unlike other forms of energy, the electricity bill forthe use of solar power would be less. The amount of power saved would be directly proportionalto the size of the solar panels. In addition, to generating electricity, solar power can also be usedto heat the rooms. Further, solar power can also be used in areas which are inaccessible to energy
COIS11011 Foundations of Business Computing Assignment_4

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