How would you answer this question in your Personal Fit interview? Receive feedback on your answer and browse through the Q&As to review the approaches of other applicants and experts.
and probably not an answer the op was expecting.
How would you answer this question in your Personal Fit interview? Receive feedback on your answer and browse through the Q&As to review the approaches of other applicants and experts.
You should assess the value generated, the selling value and the costs:
1. Value generated during cow possession:
2. The selling value will depend on:
3. Main costs:
Best,
Antonello
First I would research market rates on different cows and see where this cow fits. I would assess the breed, age, gender, and it's living conditions to come up with a calculation on value.
Liters of milk per year plus births over lifetime plus salvage value
The variable of the milk it produces times the lifespan and the “scrape value” for selling it at the end if it's lifetime.
In answering this question I would focus on portraying creativity and innovation, instead of focussing on the detailed value analysis.
My dad happens to be a farmer, so my answer would be to give him a call, which will probably not be an answer the interviewer is expecting
and probably not an answer the op was expecting.
based on the KG and its meat
Determine how much the cow consumes (food, water, housing,…) compared to its weight
I would access a market value of the cow and based on these characteristics i will assume the value of my cow
There are three ways to price the cow
1)benchmarking: see how much cows of competitors cost
2)cost based pricing. Calculate how much the products of the cow cost to calculate revenues and subtract the costs of farming the cow (labor, food, facilities), finally add a profit margin
3)price based: how much is the farmer willing to pay for the cow.
Schätzung durch Vergleichswerte bspw. Wertermittlung eines Bullen
Like a stream of cash flow. The terminal value in this case would be the amount the butcher would pay at the end of the lifetime.
2 main factors considering we can obtain meat or other resources from the cow
- NPV: How much is the cow worth today (based in weight, for example)
- Future value: How can I profit from the cow in the long term (by producing milk or growing)
Additional considerations could include cultural factors: if the cow is considerated sacred in our culture, it's invaluable.
I would try to estimate the value a cow produces each month and then estimate the life time of a cow
Value of milk which can be extracted from her lifetime + Value of meat which can be sold in the market.
1. Analyse the market & competition
2. Cost of “production”
3. Premiumness of the product (e.g. organic vs convetional, origin)
4. Demand
Each year equals
Value generated from the milk+meat, selling price and costs
Anhand der Liter der Milch, welche die Kuh durchschnittlich gibt. Anschließend die Liter der Milch mit dem aktuellen Marktpreis multiplizieren. Zusätzlich würde ich noch den Wert des Fleisches als Schätzwert in meine Überlegungen miteinbeziehen.
Liter gegebene Milch x Lebenszeit
_____________________________________
Preis Milch
Conduct market research to find out how cows are valued.
Estimate the value of cow in the market
the weight, the milk it produces it per day and the market price