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Error in Calculation of Costs and Benefits [Quant & Judgement]

Whiteshield Advisory Case: Regulating Artificial Intelligence in the GCC
Neue Antwort am 21. Feb. 2024
3 Antworten
296 Views
Marvin fragte am 9. Jan. 2024

Hey,

I just wanted to remark, that this case has en error in calculating the total costs of the conformity assessment. If you multiply the existing 2,457,000 high risk HR systems with the $200,000 of costs per audit per system it results in total costs of 491,4 B$.
Since 491,4 B$ is greater than the potential 1 B$ of costs to the economy, it is a no-brainer to advise against the implementation of the mandatory conformity assessment.
The rest of the reasoning provided in the case solution remains true and consistent, despite this calculation error.

Cheers

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Beste Antwort
Charlotte
Premium
Erfahren
antwortete am 21. Feb. 2024
Coaching Program Manager at PrepLounge

Hello Marvin,

Thank you for your question about the case and for pointing out an error to us. 

The author has now corrected the case. Feel free to look at it again.

 I wish you much success with your further preparation. 

Kind regards, 

Your PrepLounge team

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10
Ian
Experte
Content Creator
antwortete am 10. Jan. 2024
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hey Marvin,

Appreciate you flagging this! Also, just a note that with 3.3 stars it's likely this case has a few errors/isn't great. Not a bad idea to stick with higher rated cases :)

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Cristian
Experte
Content Creator
antwortete am 10. Jan. 2024
#1 rated MBB & McKinsey Coach

Hi Marvin,

Yes, this happens sometimes with cases. Good for you to note it - this way the author can make the necessary adjustments. 

Best,
Cristian

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