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Your boss has asked you to work up a simulation model to examine the uncertainty regarding the success or failure of five different investment projects. He provides probabilities for the success of each project individually: p1=0.50, p2=0.35, p3=0.65, p4=0.58, p5=0.45. Because the projects are run by different people in different segments of the investment market, you both agree that it is reasonable to believe that, given these probabilities, the outcome of the projects are independent. He points out, however, that he really is not fully confident in these probabilities and that he could be off by as much as 0.05 in either direction on any given probability.
Now suppose he says that if he is optimistic about the success of one project, he is likely to be optimistic about the others as well. For you simulation, this means that if on probability increases, the others are likely to increase. How might you incorporate this information into your simulation?
Harley Davidson has excess capacity of 5,000 hours of use of machinery. Which motorcycle should it produce?
Given very dynamic nature of luxury automobile market, also complex engineering also design issues associated with building new cars, illustrate what would you consider most important features of a product development system for Thunderbird produ..
The variable cost would decrease $0.25 per unit. Volume for the new also improved product should rise to 50,000 units. Should the organization invest in the new equipment. At illustrate what volume does the equipment choice change.
Elucidate how you waiting line analysis could be used to develop a ticket agent staffing plan which would enable company to provide different levels of staffing for ticket reservation system at different times during day.
Analyze the ways in which managers could use the Federal Register to determine the single most significant challenge associated with its use, and how managers could address that challenge. Provide specific examples to support your response
Carter brings suit against Harper also Jennings alleging disparate treatment discrimination. Illustrate what must Carter prove to establish a rebuttable presumption of disparate treatment. If Carter establishes rebuttable presumption, does Harper ..
A state department of tourism and recreation collects data on the number of cars with out-of-state license plates in a state park. The group's position is that more out-of-state plates means the state's advertising programs are working.
Using your calculator you sample some days' demands and estimate that the standard deviation of daily demand is 9 boxes. You also search out these figures
You are a manager, and you overheard one of the associates in your department direct a racial slur at another. The intended recipient of the remark didn't appear to have heard it.
Illustrate what do you do if you believe that ethical behaviour requires you to maximize Jay-Mart's profits.
the sampling results say to do so when the machine is actually functioning properly, Elucidate what the upper also lower control limits should be on this chart.
Propose a linear programming model which can be used to find out the optimal production schedule that will best achieve the goals of Richland Manufacturing Company.
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