User Account

All Pages

Decision analysis to everyday life

Assignment Help Operation Management
Reference no: EM132691523

Decision Analysis to everyday life - Decision: To Study for a test or not to study

  • Studying for the test decreases probability of failing test P(F) = .1 but costs $10 in lost time
  • Not studying costs nothing, but P(F) = .5
  • Assume passing the test is worth $100 to you and an F is worth nothing
  • Construct a decision tree and figure out the best decision and expected value

Reference no: EM132691523

Questions Cloud

Breach of security or natural disaster : No matter how well an organizations data is protected, eventually there will be a breach of security or a natural disaster
Explain the importance of trust in the workplace : Explain the importance of trust in the workplace. Give examples of how trust plays an important role in workplace.
Private data center to public cloud provider : Other criteria that should be considered when migrating infrastructure and data from a private data center to a public cloud provider.
What does a manager for homedepot do : What does a manager for homedepot do? What are this positions strengths and weaknesses within the workplace?
Decision analysis to everyday life : Decision Analysis to everyday life - Decision: To Study for a test or not to study
What is the cost of material-hae lee furniture inc : Hae Lee Furniture, Inc., described in Example 1 of this chapter, finds its current profit of $10,000 inadequate. The bank is insisting on an improved profit
What is the multifactor productivity ratio : What is the multifactor productivity ratio? Compared to the result obtained in Solved Problem 1, did productivity increase or decrease for the course process?
Compute the working capital and the current ratio : Compute the working capital and the current ratio for Year 2 and Year 1. Round to two decimal places. What conclusions concerning the company's ability
Community optimization progressed : Has community optimization progressed the performance of laptop networking and device mastering?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd