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A company is planning to start a manufacturing unit. The success of the manufacturing unit depends on the ability of the company to obtain patent approval on a product. The company can invest to receive patents from the U.S. government. If the company is successful in its patent application, it can make $60,000. If it doesn't receive the patent, the company will make $5,000. Or the company can fund a caucus for election 2000; if it is accepted then the company can make $50,000, or else it loses $20,000. Or if the company goes for an awareness campaign, it can make $25,000) but if it is not successful, then the return will be only $ 10,000. I l Probability of success is 0.6 and of fåilure is 0.4. Construct an Excel spreadsheet to find the best decision using the following:
a. Maximax
b. Maximin
c. Equal likelihood
d .Expected value
e. Create a sensitivity graph comparing the different alternatives as the probability of success changes.
The Global Demographic Trends Impacting Diversity. The training will be presented to mid-level managers in your firm. The purpose of the training is to inform the management consultants of the latest changes in worldwide demographics relative
Why do all the business units in an organization that use technology need to be involved in developing management information systems? How does that relate to the goal that a “knowledge-management repository” can be used throughout the organization?
What strengths and weaknesses do traditional organizational structures provide? How do boundaryless and learning organizations impact strategic capability in a global environment?
Discuss Kant's categorical imperative. What is your understanding of the topic? What would be an example of the categorical imperative? Do you agree or disagree with this concept? Why or why not?
The key to event mitigation is establishing and maintaining a stable, relatively predictable environment. Control is lost and security breaches occur if the environment of the event is not stabilized.
Alice Stewart, who is the CFO of Meyers Foods, is teaching an upper-level course in corporate finance at the University of Phoenix. One of the assignments Alice gave her class was to compute the component costs of capital for Meyers Foods. Which of t..
write a 1050- to 1400-word paper in which you complete the following1 research and describe the internal and external
The Ohio Electric generating plant in Cincinnati buys coal to generate electricty. Coal is supplied by rail cars at the rate of 9,000 tons per day at a price of $16.50 per ton and is used at a rate of 1,400 tons per day. What quantity of coal should ..
Ethan is assigned a team project in his management class. He's been in teams before and he hates them. At this point, he'll do whatever it takes to get through the quarter. No one else on the team is actively working on the project, so Ethan has star..
How are the Epidemiologic Planning Model and the Precede-Proceed Model similar? How are they different? From you professional experience, which one has the greatest ability to deliver optimal results for an HCO?
Jeff was one of several employees in a small department where productivity depended upon the close cooperation of everyone involved. He had a high potential and lived up to it, producing more than anyone else in the department. Do you agree with mana..
Suppose a bank has one teller. Customers arrive at the rate of 10 per hour (assume Poisson arrivals), and on the average it takes 5 minutes to serve a customer (assume exponential service times). The average number of customers waiting in system is 5..
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