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Philip Musa can build either a large video rental section or a small one in his Birmingham drugstore. He can also gather additional information or simply do nothing. If he gathers additional information, the results could suggest either a favorable or an unfavorable market, but it would cost him $ 3,000 to gather the information. Musa believes that there is a 50– 50 chance that the information will be favorable. If the rental market is favorable, Musa will earn $ 15,000 with a large section or $ 5,000 with a small. With an unfavorable video- rental market, however, Musa could lose $ 20,000 with a large section or $ 10,000 with a small section. Without gathering additional information, Musa estimates that the probability of a favorable rental market is .7. A favorable report from the study would increase the probability of a favorable rental market to .9. Furthermore, an unfavorable report from the additional information would decrease the probability of a favorable rental market to .4. Of course, Musa could ignore these numbers and do nothing. What is your advice to Musa?
Develop a mathematical formulation of the optimization problem that determines the coordinates (x,y) of the centralized facility so that the total number of miles traveled to the five towns is minimized, and solve the nonlinear optimization proble..
The cost to place also process an order from the supplier is $75. The organization operates 300 days per year also the lead-time to receive an order from the supplier is 8 working days. Find out the economic order quantity. Find out the annual hol..
The average business manager is not likely to know about or use the Federal Registry. Discuss whether or not it important for the average manager in today's business climate to use the Federal Registry on a regular basis.
Fiberia Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part of the winter collection for $65 with an inventory of 1500. The main selling season is 60 days between November and December. Calculate the daily sales ..
What are some characteristics and provisions of the cost of living escalator clauses and wage reopener arrangements that are part of the unions' efforts to adjust to the lack of dependability the Consumer Price Index (CPI) has demonstrated for fut..
Describe the decision-making process a leader should go through in deciding whether to call a meeting. Identify at least four reasons to hold a meeting and four reasons not to hold a meeting. Explain each briefly.
A certain farming organization operates three farms of the comparable productivity. The output of each farm is limited both by usable acreage and by amount of water available for irrigation.
The EGAD Bottling Company has decided to introduce a new line of premium bottled water that will include several designer flavors. Marketing manager Georgianna is predicting an upturn in demand based on the new offerings.
Once a vendor is selected, it is time for the health care organization to work with them to integrate an effective solution to the original needs.
Explain the concepts of search, experience, and credence attributes (as they relate to purchasing by customers). Give an example.
review the project management email.write an email response in which you address the following pointsa determine which
Critique the potential strengths and weaknesses of the American business approach in terms of success in the global marketplace.
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