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A plant manager needs to decide whether to expand the capacity of the plant. There are two states of nature: favorable and unfavorable. In favorable market conditions the plant would make an additional $50,000 when expanded. In unfavorable market conditions the plant would lose an additional $20,000 when expanded. Of course, the manager can choose not to expand and make $0 additional profit in favorable market conditions and lose $0 additional profit in unfavorable market conditions. If the two states of nature are equally likely to occur, what is the Expected Value with Perfect Information (EVwPI) in this case?
Regarding Ford and Toyota : What changes would you propose to both TPS and to FPS in order to cope with customer demands for increasing product variety and more rapid model changes?
Introduces an organization and describes its primary business. Lists at least five communication best practices and/or recommendations along with a description.
Which product or service have you recently encountered that would be particularly suited for multichannel or interactive marketing? Why?
What kind of project risks exists? Why is risk identification important in a project?
Describe and illustrate one of the three portfolio approaches. Explain why a business would choose a low cost, differentiation, or speed-based strategy.
Which of the following statements about the organization is true?
The internet is a staple of the modern office. Some companies are concerned that the Internet (and its e-mail application) lead to increased theft of time in the workplace.
What suggestions could you make that would help the cohesiveness in the decision-making process between middle management and top management? Explain your reasoning.
describe how lean production principles may be used to maximize the efficiency and effectiveness of the electric fan
Imagine that you are proposing a new communication structure for an organization. Write a formal proposal in which you discuss at least five concepts that you feel are most important for successful communication within an organizational setting. A..
Have you ever encountered a situation in which a security policy was not in line with observed or accepted behavior. If so, how do you think the situation came about? Would regular policy reviews have helped the situation? Are there any legal consequ..
You and three associates are opening a business. The four of you will provide the initial capital needs of the business ($100,000). You and your three associates will contribute an equal amount ( $25,000 each), and your plan is to manage the business..
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