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Nick has plans to open some pizza restaurants, but he is not sure how many to open. He has prepared a payoff table to help analyze the situation. States of Nature Good Fair Poor Open 1 380,000 70,000 -400,000 Open 2 200,000 80,000 -200,000 Do nothing 0 0 0 Nick believes there is a 40 percent chance that the market will be good, a 30 percent chance that it will be fair, and a 30 percent chance that it will be poor. a. What is Nick’s expected monetary value? b. A market research firm will analyze market conditions and will provide a perfect forecast (they provide a money back guarantee). What is the most that should be paid for this forecast?
What are the characteristics (e.g., age, income, education) of the target market customers for the following products or services? (a) National geographic magazine (b) Chobani Greek Yogurt (c) New York Giants Football Team (d) Facebook
A fleet repair facility has the capacity to repair 900 trucks per month. However, due to scheduled maintenance of their equipment, management feels that they can repair no more than 600 trucks per month.
A company that needs help with implementing a process you have little familiarity with has contacted you. Although you could most likely learn it, you would not be a subject matter expert in the period in which they need you. You are certain you coul..
1 during the implementation of a project which of the following should be the primary focus of a consulting firm?bull
Explain what Internal Alignment is and how it can support business strategy, work flow and motivate employee behavior toward organizational objectives. In your current (or a former) organization how equitable do you believe the job levels and pay dif..
Compare the chase strategy versus level scheduling. What are the advantages and disadvantages of each?2. Why will the POQ almost always outperform the EOQ as an MRP lot-sizing technique
If two firms face the same wage and rental price of capital but spend different amounts labor and capital, how do their isocost lines differ? What is the effect on their isocost lines if the wage rate increases?
Profits for regular soft drink are $3.00 per case, and profits for diet soft drink are $2.00 per case. What is the time constraint?
(a) Compute MAPE for management's technique, (b) Do management's results outperform (ex have smaller MAPE than) a naive forecast?, (c) Which forecast do you recommend, based on lower forecast error?
mrs. moody sells cookies that she bakes in her kitchen and gives the profits to charities. she sells two types of
introductionzephtrex fabric is a specialized product made by ellison textiles and used exclusively by the cmx corp. the
(a) Draw and label a flowchart of the mixing process and do the degree- of-freedom analysis, and calculate V40.
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