Equal probability of occurrence

Assignment Help Operation Management
Reference no: EM13964897

You are trying to determine what stocks to invest in.

Stock a: market is up PhP 20000, if market is unchanged PhP 5000, if market is down Php -15000

Stock b: market is up PhP 10000, if market is unchanged PhP 8000, if market is down Php 6000

Stock c: market is up PhP 100,000, if market is unchanged PhP 0, if market is down Php -50000

Stock b: market is up PhP 15000, if market is unchanged PhP 5000, if market is down Php -10000

1. What would be the investment choices given the following criteria:

Maximin    

Maximax

Minimax regret

2. What would be the investment choice if each state of nature would be given an equal probability of occurrence?

Reference no: EM13964897

Questions Cloud

Find bertrand equilibrium prices for simultaneous-move game : Assume zero production cost for both firms. Find the Bertrand equilibrium prices for a simultaneous-move game. Draw the two demand curves in a graph, with price on the vertical axis and demand on the horizontal axis.
Critical points and determine nature : Identify the critical points and determine their nature (local max, local min, saddle, degenerate) using the Hessian of teh function f(x,y,z) = x^2+y^2+2z^2+xz
Determine the final temperature of the system : Remeber that the ice must first warm to 0 degrees C, melt and then continue warming as water.
Determining the addition of vectors : Check that V is a vector space over the field of real numbers, using addition of vectors {see attachment} and scalar multiplication {see attachment}.
Equal probability of occurrence : You are trying to determine what stocks to invest in. What would be the investment choices given the following criteria: What would be the investment choice if each state of nature would be given an equal probability of occurrence?
What is its maximum thermodynamic efficiency : If the engine operates between 250 degrees C and 25 degrees C, what is its maximum thermodynamic efficiency?
How many total labor-hours should this job require : A machine shop has received an order to manufacture 10 large drum rollers. After examining the design of the rollers, the production engineer expects 55 labor-hours to be required for the first drum roller and a learning rate of 75 percent. How many ..
Compute a labor standard for the operation : In a time study of a manufacturing operation, the average time to complete a product was 36.5 minutes, the performance rating was 1.20, and the allowances were 60 minutes per eight-hour shift. Compute a labor standard for the operation. How many prod..
What is a learning curve and experience curve : What is a "learning curve?" What is an "experience curve?" How do they differ? What are the basic assumptions upon which the learning curve is based?

Reviews

Write a Review

Operation Management Questions & Answers

  What are some of the criteria for an effective message

What are some of the criteria for an effective message. Why is the statement, "Never have a sentence with more than 20 words or a paragraph with more than 8 lines" considered a half-truth. Explain.

  Identify the five stages of a project

What does the term PROJECT mean to you. What are some types of possible projects

  Role of project management in software implementation

Why is it important to have development and operations work together to build a secure software environment. Please explain in detail with examples. What is the role of project management in software implementation. Please explain in detail with exam..

  Conduct research on the organization to find out

choose a large organization that sells a product or multiple products. in a 2-3 paper provide an overview of the

  Of the parties mentioned is anyone liable

Three weeks before Chase paid any of the forged checks, the attorney's gave Chase a copy of the death certificate and a court order to examine his deposit box. Of the parties mentioned, is anyone liable?

  Propose the steps that might be taken to reduce

Propose the steps that might be taken to reduce the incidence of CVD in China and India. Provide specific examples to support your response.

  Why might introversion be an equally positive quality

In the Big Five personality factors, extroversion is considered a "good" quality to have. Why might introversion be an equally positive quality? Explain

  Setup labor cost and annual holding cost

Bill Penny has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory turnover of only 12 times per year. He has therefore determined that he will reduce his component lot sizes. He has deve..

  What kinds of consistency or alignment issues appear to

after elizabeth received her bachelors degree she received no job offers. so she began working toward a masters degree

  Advantages and disadvantages of entrepreneurial ventures

Many entrepreneurs enter the global market for a variety of reasons. Why is it important for entrepreneurs to learn to think globally? What are the advantages and disadvantages of entrepreneurial ventures to move into the global marketplace?

  Use the internet to research a manufacturing company

Provide specific examples to support your response.Determine the positive or negative impact of tying commission and bonuses to budgetary items to the overall performance of a given organization.

  How long will the project take to accomplish

Determine which activities are non-critical and their respective slack times. How long will the project take to accomplish?

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!

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