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A Company Wants to Reduce Costs on Jobs That Can

question 486

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A company wants to reduce costs on jobs that can be completed at any time. The jobs are currently run using multiple On-Demand Instances, and the jobs take just under 2 hours to complete. If a job fails for any reason, it can be restarted from the beginning. Which method is the MOST cost-effective based on these requirements?


Definitions:

MRP

MRP, or Marginal Revenue Product, quantifies the added value generated by employing an additional unit of input in the production process.

Haircut

A reduction applied to the value of an asset for purposes of calculating capital requirements, margining, or risk assessment.

Marginal Revenue Product

The extra income produced by employing an additional unit of a production resource.

Cost Minimization

A strategy that companies employ to reduce their expenses and improve profitability without compromising the quality of their products or services.

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