Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
C and S Metal company produces stainless steel pots and pans. C and S can pursue either of two distribution plans for the coming year. The firm can either produce pots and pans for sale under a discount store label or manufacture a higher quality line for speciality stores and expensive mail order catalogues. High initial set-up costs along with C and S's limited capacity make it impossible for the firm to produce both lines. Profits under each plan depend upon the state of the economy. One of the three conditions will prevail:
Growth (probability = 0.3)
Normal (probability = 0.5)
Recession (probability = 0.2)
The outcome under each plan for each state of the economy is given in the table below. Figures in the table are profits measured in dollars. The probabilities for each economic condition represent crude estimates.
Economic condition
Discount line
Speciality line
Growth
Normal
Recession
250,000
220,000
140,000
400,000
230,000
20,000
(a) Calculate the expected value for each alternative.
(b) Which alternative is more risky?
(c) Taking into account the importance of risk, which alternative should an investor choose?
what are the roles of the health and saety committees
What is operations strategy? Operations strategy: According to Slack and Lewis the definition operations strategy: The total pattern of decisions that shape the long
The three main mechanisms that managers use to assess output or performance are financial measures, organizational goals, and operating budgets. Compare and contrast when it would
Describe the challenges in using the MBTI instruments or Keirsey Temperament sorter in project management situation and how you would address them. Speculate the acceptance level o
A manufacturing firm is considering two locations for a plant to produce a new product. The two locations have fixed and variable costs as follows: Site Fixed Cost (Annual) Variabl
Control Chart - Sample Mean Chart & Sample Range Chart As sample values are progressively plotted on the charts, they are examined for patterns which may be tested against a s
What will be the duration of a management conference duration?
ABC Aircraft uses 3,000 drill bits annually. Each drill bit costs $50 and each order ABC places costs $25. The annual carrying rate is 40% of unit cost. ABC has contracted with the
Low Price and Product Features - Operation Strategy Low price The ability of the operations system to satisfy the customers' requirements more cost-effectively (and by
A program that provides employee relocation and trailing spouse employment assistance is an example of which human resource role: Answer A) counsellor B) employee advocate C) strat
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd