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Dean Kuroff started a business of rehabbing old homes. Hhe recently purchased a circa-1800 Victorian mansion and converted it into a three-family residence. Recently, one of tenants complained that the refrigerator was not working properly. Dean's cash flow was not extensive, so he was not excited about purchasing a new refrigerator. He is considering two other options: purchase a used refrigerator or repair the current unit. He can purchase a new refrigerator for $400, and it will easily last 3 years. If he repairs the current one, he estimates a repair cost of $150, but he also believes that there is only a 30% chance that it will last a full 3 years and he will end up purchasing a new one anyway. If he buys a used refrigerator for $200, he estimates that there is a 0.6 probability that it will last three years. If it breaks down, he will still have the option of repairing it for $150 or buying a new one. Develop a decision tree for this situation and determine Dean's optimal strategy.
Describe how the supply chain of this company contributions to customer service levels. Describe inventory control practice and uses of technology within the organization (ERP).
you work for an international clothing companu called.Armoni. A non-profit organization has just revealed that a line of your stonewashed jeans is produced in hazardous conditions in bangladesh.
What are the key planning factors for competitive success? Provide an example of an organization that has achieved competitive success through planning. Provide an example of an organization that has failed to achieve competitive success as the re..
Why is identification of the real problem the first and most important step in the decision-making process? How does attribution theory explain mistakes that can be made as managers and employees work together to explain why the problem occurred?
A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 7 years, and a cost of capital of 11%. What is the projects NPV? What is the projects IRR? What is the projects profitability index? What is the projects disco..
The underlying goal of commercial bank management is to maximize the wealth of the bank's shareholders, which implies maximizing the price of the bank's stock (if the bank is publicly traded).
An appliance manufacture has a plant near Toronto that receives small electric motors from a manufacturer located in Winnipeg. The demand for the motors is 120,000 units per year. The cost of each motor is $120. The motors are purchased in lots of 3,..
araceli is a team member in a large corporation. she never speaks in team meetings because she has seen members talk
1. define the term e-business. 2. define supply chain and list the activities that are involved. 3. write a short essay
list some advantages and disadvantages associated with booking a trip yourself as well as using a travel agent. what do
Describe the common grounds for discharge and the procedural requirements that are outlined in many collective bargaining agreements. State why the following are important when these cases go to arbitration.
Summarize at least one (1) managed care trend managed Medicaid and appraise how this trend will affect managed care's overall goal of managing costs, increasing access, and ensuring quality in the delivery of healthcare.
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