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Your boss has asked you to work up a simulation model to examine the uncertainty regarding the success or failure of five different investment projects. He provides probabilities for the success of each project individually: p1=0.50, p2=0.35, p3=0.65, p4=0.58, p5=0.45. Because the projects are run by different people in different segments of the investment market, you both agree that it is reasonable to believe that, given these probabilities, the outcome of the projects are independent. He points out, however, that he really is not fully confident in these probabilities and that he could be off by as much as 0.05 in either direction on any given probability. Now suppose he says that if he is optimistic about the success of one project, he is likely to be optimistic about the others as well. For you simulation, this means that if on probability increases, the others are likely to increase. How might you incorporate this information into your simulation?
The MPS for product A calls for 100 units to be completed in week 4 and 200 units in week 7 (the lead time is 1 week). Spare part demand for Item B is 10 units per week.
Which best describes the client's role in the Generating Ideas stage of CPS?
What is the ending inventory for month 4 under this plan? B) What is the level production rate with no ending inventory for month 4?
Determine at least two factors that impact the quality of project management. Suggest ways these factors can be mitigated without affecting project operations.
Illustrate what amount of safety stock would provide a stock-out risk of 3 percent. Assume normality.
Evaluate patient Identity Management Policies (MPI). Course outcome assessed/addressed in this Assignment: Differentiate between standards for accreditation agencies and healthcare laws. Apply concepts of multiculturalism and diversity to become an a..
To make sure that both sides of the argument is covered Ladies you have the Pro side while gentlemen you have the Con side. You must explain in your main post the difference between passionate and empowered employees.
From the weekly readings, review the types of budgets presented, and respond to the following scenario: A friend who is a city manager once commented that he liked to put a so-called “radio” item within each budget—an item that would make a lot of n..
paper on applying an appropriate change model to your selected organization's change situation. Develop a communication plan for that change.
Conduct an environmental scan or SWOT analysis of Azul Linhas Aéreas Brasileiras's current reality and recommend whether the company's current strategy is poised to succeed.
From a producer's point of view, a greater number of levels in a supply chain means less control and greater channel complexity. Which of the following is the first step in strategic planning?
A database management system is comprised of three components: a data definition language, data dictionary, and data manipulation language. A logical design helps to analyze and understand the data from a business perspective, while physical design s..
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