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A plant manager is considering buying additional stamping machines to accommodate increasing demand. The alternatives are to buy 1 machine, 2 machines, or 3 machines. The profits realized under each alternative are a function of whether their bid for a recent defense contract is accepted or not. The payoff table below illustrates the profits realized (in $000's) based on the different scenarios faced by the manager. Alternative Bid Accepted Bid Rejected Buy 1 machine $10 $5 Buy 2 machines $30 $4 Buy 3 machines $40 $2 Refer to the information above. Assume that based on historical bids with the defense contractor, the plant manager believes that there is a 65% chance that the bid will be accepted and a 35% chance that the bid will be rejected. What is the expected value under perfect information (EVPI)?
Explain the importance of training objectives within a human resource development training program, along with their relationship to the training methods chosen to deliver the training. Then create two training objectives that you would propose that ..
What are the pros and cons of relocating a small midsized manufacturing firm (that makes mature products) from the United States to Mexico in the post NAFA environment?
research your chosen company nucor. find a minimum of one library source which will support your thesis in this
your company is considering the adoption of a rigorous form of quality management to keep projects focused on business
The last stage in the new-product development process is ________.
If you ran a relatively small bakery and found that customers were complaining about the texture and taste of your blueberry muffins, which of the following quality tools would you use to understand and fix the problem? Specifically why would you use..
how can a goal-seeking mission-driven purposeful organization use information and information technologies to gain a
Provide a financial rationale for following the current U.S. health care policies. Discuss your position in which you highlight, at a minimum, economic and ethical considerations of the ACA as it has been implemented from 2010 to present day.
Based on what you have read this week on how to successfully apply effective project management (LO9), describe some ways a project manager can make a project more fun and team members more committed
Suppose that AlwaysRain Irrigation's Marketing department will undertake an intense ad campaign for the bronze sprinklers
The Clean Pool company maintains residential swimming pools for customers in a city in Florida. Clean Pool has a regular maintenance schedule for all pools but also provides emergency service for customers requiring immediate help. Jaime finds this a..
Motivation is not a new concept, so why is motivation important? Is it more important that an employee is motivated or engaged? Which myth of motivation is the most important? Are there other myths that you can identify?
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