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Kelly is contemplating on returning to graduate school to earn her MBA. She knows from experience, that she can get a well paying job after undergraduate school. The probability of getting a job with a salary of $20,000/year is 75% and a job with a salary of $30,000/year is 25%. However, if she chooses to attend and finish graduate school, her salary would likely increase. The probability of getting a job with a salary of $40,000/year is 75% and getting a job with a salary of $50,000/year is 25%. Knowing that tuition cost and years spent on schooling is not a concern to Kelly, should Kelly find a job or return to graduate school?
Find the best decision using the following:
A. Equal Likelihood
B. Minimax Regret
c. Create a sensitivity graph comparing the different alternatives as the probability of getting a job changes.
Briefly describe the role of the Third Party Logistics Provider (3PL). Examine Vessel and Cargo Operations, current terrorism threat to port maritime operation.
Where would you go if you needed to find hundreds of people each willing to take on a tiny portion of a large task for minimal pay?
Investigate the concept of Blue Oceans that focuses on the pursuit of differentiation and low cost while creating a new demand in the marketplace.
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Compare, contrast and synthesize the merits and criticisms of the two different moral philosophies using recent examples from news reports
Calculate the amounts paid by the payer and the patient and the amount the provider must “write off”. The patient is seen by his family physician for follow-up treatment of recently diagnosed asthmatic bronchitis. The physician’s fee is $75. The pati..
Think about the amount of data an e-commerce website collects from cookies to click timing to purchase history.
To minimize his expected rental costs, how many time slots should Larry reserve the car for?
How has the use of technology greatly improved many firms competency into keeping accurate inventory levels?
A paint shop implements an inventory policy on its stock of white paint, which costs the store $6 per can. Monthly demand for cans of white paint is normal with mean 28 and standard deviation 8. What are the optimal lot size and reorder points for wh..
Many companies implement enterprise resource planning (ERP) systems but are disappointed by the results when they do not realize the return on investment (ROI) that was projected for the system.
Describe any information that may help Alliance reduce costs while providing better service. Propose a new approach that could be used by Alliance by using the purchase information that can be obtained on individual customers.
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