Problem Statement
In our day to day, there are bunch of product offered by the market and we have tendency to select a product based on its cost of acquisition only. For air conditioner product, some brands come out with power inverter technology that offer low power consumption with the same capacity, but of course due to its additional equipment and market demand, the price is higher than the one without power inverter. So what we have to choose? Choose the one with power inverter? Is the tag price too high? Or is the price quite justified by the low power consumption offered?
This product selection shall consider the total life cycle of the product (air conditioner).