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?
managing quality
Explain how constraints in manufacturing are interrelated with a company's decisions regarding volume and variety
What are the advantages and disadvantages of using a Cause and Effect diagram and Pareto Analysis in terms of analyzing quality issues? Respond to at least two of your classmates'
Give a specific definition of time study. Time study It is defined as a work measurement technique for recording the times and rate of working for the component of a speci
Define all the Consumer Promotion Tools. Samples, contests, competition and money-refund offers, for consumers are Consumer Promotion Tools.
what is operations system? explain the process of operations system?
Your in charge of a project at the local community center. The center needs to remodel one of the room in time for the start of a new program. Delays in the project mean that the c
Beverly Enterprises owns a nursing home that is currently earning $2.0 million in cash flow on an annual basis, but this amount is expected to drop in the future. The nursing home
A manufacturer of business copier workstations has a 75 percent customer retention rate. Their accounting department estimates the incremental contribution to profit and overhead
Please give your opinion on the paragraph below in just a few short sentences. Advertisers use case studies to add credibility to what they're saying their product is capable of do
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