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An art dealer has a client who will buy the masterpiece Rain Delay for $50,000.The dealer can buy the painting now for $40,000 (making a prot of $10,000). Alternatively, he can wait one day, when the price will go down to $30,000. The dealer can also wait another day when the price will be $25,000. If the dealer does not buy by that day, then the painting will nolonger be available. On each day, there is a 0.60 chance that the painting will be sold elsewhere and will no longer be available.(a)Draw the decision tree.Show the Expected Monetary Value at each step? What strategy maximizes the dealer's profit?(b) What is the Expected Value of Perfect Information (value the dealer would place on knowing when the item will be sold)?(c) What strategy should be selected if the probability that the painting will be sold is changed to 0.50 from 0.60. Please draw the decision tree to come to the conclusion
Elucidate your analysis using course related principles in 200 words. The objective is to choose the plan that has the lowest cost. Which plan would you recommend.
What are some of the activities you can undertake to implement your scorecard? When is the implementation of a personal Balanced Scorecard completed?
explain how you would approach the process. Keep in mind which you are supplying a major automotive organization which manufactures, on average, 835,000 cars per year.
Compute the availability of this machine. The question states that all times must be in the same units. If I'm using the formular MTBF/MTBF+MTR how do I solve problem.
Illustrate what cooperative strategies constitute and in illustrate what circumstances you would use which strategy. In case study, illustrate what cooperative strategies are being used by business.
If you could increase the capacity of only two operations through process improvement efforts, which two operations would you select, how much additional capacity would you strive for in each of those operations?
Instituted polices and procedures that facilitate good strategy execution? Explain.
Given that traditional US firms such as IBM have over 70 percent of their employees and almost two-thirds of revenues come from outside the united states
Illustrate what or direct and indirect conflict management techniques did mulally employ. Drawing examples from your own work and personal experience, illustrate what conflict resolution strategies have you employed. Which 1s have you seen be succ..
A customer joining the line selects a pizza by consulting the billboard, marks her selection on a customized form, and hands the form to one of several assemblers who produce the pizza.
McBurger, Inc. wants to redesign its kitchens to improve productivity and quality. Three designs, called designs K1, K2, and K3, are under consideration.
Illustrate what are names of resources to explore to reach a better understanding of a complaint of wrongful treatment by a social worker.
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