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Refer to Problem 1. Suppose after a certain amount of discussion, the contractor is able to subjectively assess the probabilities of low and high demand: P (low) = .3 and P (high) = .7.a. Determine the expected profit of each alternative. Which alternative is best? Why?b. Analyze the problem using a decision tree. Show the expected profit of each alternative on the tree.c. Compute the expected value of perfect information. How could the contractor use this knowledge?
The TEMKO Company encountered the problem of defects in some of its purchased tractor short-block castings. The short-block castings are used to build the R-208 tractor engines. What could be inferred about the supplier market conditions from the res..
1 many firms today use 360-degree performance evaluations. make a case for this type of evaluation based on the
Reduced revenue makes controlling costs all the more important. For each issue, Michael carefully makes a forecast based on sales data collected at each location
Suppose this video store plans to buy a new copy and then there will be total 10 copies of this movie. What will be the payback time for this $50 investment?
Calculate the return (in Percent) for each value of b. (note: you may just calculate the totaal return and not worry about how this split between current yield and capital- gains yield)
Illustrate what is the probability of completing this project among 38 and 40 days. Illustrate what are the slack values for activities C and F? Interpret the meaning of their slack values.
Each display costs $18.80 also there is an ordering cost of $75 regardless of size of order. Company uses a stock-out cost of $400 per display also 40% of annual interest rate is used to compute holding costs. HK works 52 weeks in a year.
What do you think are the most important motivational needs for the majority of people? Do you think your needs differ from those of most people? Explain.
Scenario - You work for a manufacturing company that has an annual revenue of $50 million. Your organization has experienced a 2% increase in sales for the past 5 years, however, the market average for your industry is a 7-10% growth per year.
Explain why profits have been down recently, including possible causes of the decline. He also desires to know illustrate what he would need to do if he decides to downsize he operation.
What is a lost horse forecast? How do you make one for your Course Project?
The forecasted demand for fudge for the next four months is 140,160,90 and 70 pounds. What is the recommended production rate if a level strategy is adopted with no back orders or stockouts?
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