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Spectrum Hair Salon is considering expanding its business, as it is experiencing a large growth. The question is whether it should expand with a bigger facility than needed, hoping that demand will catch up, or with a small facility, knowing that it will need to reconsider expanding in three years. The management at Spectrum has estimated the following chances for demand: •the likelihood of demand being high is 0.70; •the likelihood of demand being low is 0.30. Estimated profits for each alternative are as follows: •large expansion has an estimated profitability of either $100,000 or $70,000, depending on whether demand turns out to be high or low; •small expansion has a profitability of $50,000, assuming that demand is low; •small expansion with an occurrence of high demand would require considering whether to expand further. If the business expands at this point, the profitability is expected to be $90,000. If it does not expand further, the profitability is expected to be $60,000. Draw a decision tree showing the decisions, chance events, and their probabilities, as well as the profitability of outcomes, and solve the decision tree EVsmall expansion = $, EVlarge expansion = $
What is the crossover point between the existing process and the proposed process? If the owner expects to sell 9,000 pizzas, should he get the new oven?
Consider the "Alternative Approach" to combating five consumer products (alcohol, tobacco, guns, motor vehicles, and junk food) and determine whether you agree or disagree with the approach suggested.
What I have to do is plan an action plan for this (determine the cost, how profit it will be, how many customers to achieve that...something like this since I'm in Marketing course). It should be in a table.
Cunningham Performance Auto, Inc. modifies 375 autos per year. The manager, Peter Cunningham, is interested in obtaining a measure of overall performance.
How can I prevent unauthorized access to my customer database or website? What should I do to assure my customers that my eCommerce site is safe to do business with?
In some occupations, what strongly facilitates employment?
To compete more effectively, your organization is considering a profit sharing plan to increase employee effort and to encourage employees to think like owners
Messages are transmitted from low speed terminals and arrive at a message concentrator at a Poisson rate of 600/hr. They are held in a buffer until a hi-speed trunk line is free to transmit them.
For example, if your answer is $2.1456 per dollar spent, fill in as 2.15. Do the rounding only at the last step to make sure your number is accurate enough.
Outline what you feel are the biggest time waster in your completion of your studies. How do you manage these time wasters to ensure you can effectively manage your time and meet your study requirements?
Analyze how each has changed healthcare delivery on both the macro and micro levels. Provide specific examples of how both macro and micro impacts/changes: Total quality improvement Organizational downsizing.
What is outsourcing? And do you know of any related off-shoring issues, which pertain to the economy in the USA?
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