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Video Tech is considering marketing one of two new video games for the coming season: Battle Pacific or Space Pirates. Battle Pacific is a unique game and appears to have no competition. Estimated profits (in thousands of dollars) under high, medium, and low demand are as follows: Demand High Medium Low Profit $1000 $700 $300 Probability 0.2 0.5 0.3 Video Tech is optimistic about its Space Pirates game. However, the concern is that profitability will be affected by a competitor’s introduction of a video game viewed as similar to Space Pirates. Estimated profits (in thousands of dollars) with and without competition are as follows With Competition Demand High Medium Low Profit $800 $400 $200 Probability 0.3 0.4 0.3 Without Competition Demand High Medium Low Profit $1600 $800 $400 Probability 0.5 0.3 0.2 Video Tech believes there is a 0.6 probability that its competitor will produce a new game similar to space Pirates. (a) Draw a decision tree and fold it back to find the optimal solution. (b) What is the optimal decision? What is its expected value? (c) Right now the chance of competition is 60%. How much higher or lower would this probability need to be in order for your decision to change?
SLP ?Compare and contrast e-commerce operations management to traditional operations management. Discussion ?Apply e-commerce management to one aspect of operations management in an organizational context.
What means are there of determining which is the acutest of two pains, or the in tensest of two pleasurable sensations, except the general suffrage of those who are familiar with both? Neither pains nor pleasures are homogeneous, and pain is always h..
Many baby boomers are ready to retire anytime from now to the next five years. Some will close their doors and some will sell their business. How important is succession planning to them? When should they draft a plan? What's the impact on the commun..
Many organizations are turning to technology to improve employee development programs. What are some ways in which training has been influenced by technology?
Which of the following is NOT a characteristic that distinguishes services from goods?
One of the first things that you need to do when marketing yourself is to understand what the market, i.e. the employer, needs from you. Therefore, your task will be to investigate the opportunities in the marketplace for you to sell yourself. Pick ..
Identify the main elements included in Affective Events Theory. Select any two of these elements and provide an example of how the factor can influence an employee’s job performance and satisfaction.
Dansville Cabinets is considering a new warehouse to serve its major markets. Find the center of gravity using the given information.
In regards to responsive organizations and agility, how is Nestle Managing Technology and Innovation? Why and use an example to support your response. You may or may not need to do additional online research.
What situations are appropriate to model using simulation? What characteristics should a model have for simulation to be used?
When is a team effective?
Where alpha is the market potential, e is the advertisement effort, and gamma is its marginal impact on sales. The cost function for the effort is represented by (1/2)ke2 where k is a constant. Find the Stackelberg equilibrium for the following two s..
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