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The design of a system is to be pursued from one of the available alternatives. Each alternative has a life cycle cost associated with an expected future. The costs for the corresponding futures are given in the following table (in millions of dollars). If the probabilities of occurrence of the futures are 30%, 50% and 20% respectively which alternative is most desirable from an expected cost viewpoint? Assume interest 10%.
Design 1 YearsFuture 1 2 3 4 5 6 7 8 9 10 11 12Optimistic 0.4 0.6 5.0 7.0 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8Expected 0.6 0.8 1.0 5.0 10.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0Pessimistic 0.8 0.9 1.0 7.0 10.0 1.2 1.2 1.2 1.2 1.2 1.2 1.2
Design 2 YearsFuture 1 2 3 4 5 6 7 8 9 10 11 12Optimistic 0.4 0.4 0.4 1.0 3.0 2.5 2.5 2.5 2.5 2.5 2.5 2.5Expected 0.6 0.8 1.0 3.0 6.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0Pessimistic 0.6 0.8 1.0 5.0 6.0 3.1 3.1 3.1 3.1 3.1 3.1 3.1
If so, what might they be? Under what conditions might communication in an organization be most effective or productive?
MacPack Products orders materials from its suppliers 26 times per year, at a re-ordering cost of $350 (per order). The company's average inventory is valued at $400,000.
What statistical test should you use to test this hypothesis using the data you will collect?
Finally, they looked this value up in the Normal Table (or computed it utilizing Excel). The number returned was: 0.0489. Specified this returned value, Illustrate what is the percent chance that the project will take longer than the assigned due ..
How does supply chain management contribute to the overall competitiveness of the corporation? What factors have raised the strategic importance of the supply chain management function?
Why do human resource objectives essential for the company to succeed?
Contrast a mechanistic and organic organization giving an example of each. What would a bureaucracy be more like, mechanistic or organic? Why?
Explain the difference between consumer products and business products. Why are some products difficult to categorize as one or the other? Give an example of a business product, a consumer product, and a product that is difficult to categorize.
From your accounting statements, how would you determine whether your firm is making positive economic profits or not?
List the management and organizational forces that contribute to resistance to change at the US Air Force Academy.
Is the Human Resource strategic partner's specialized approach a little boring to the employees and the organization?
What is the probability that Lynn will have more than $1 million in her retirement fund when she reaches age 60?(psitarget(f35,1000000))
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