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Let's say you own a small construction company. You need to decide whether to buy a bulldozer to add to your equipment fleet. You assume that the construction industry could be Good, Mediocre, or Bad, and associate a dollar value for your profits with each possible state of the economy. Your profits will also depend on whether you buy the equipment as follows: *Buy the bulldozer and the economy is good should yield a profit of $120K. *Buy the bulldozer and the economy is mediocre should yield a profit of $80 K. *Buy the bulldozer and the economy is bad should yield a profit of -$50K. (That's negative!) *Don't buy the bulldozer and the economy is good should yield a profit of $100K using your other equipment. *Don't buy the bulldozer and the economy is mediocre should yield a profit of $75K using your other equipment. *Don't buy the bulldozer and the economy is bad should yield a profit of $60K using your other equipment. *The probability that there is a "good" economy is 20%. *The probability that there is a "mediocre" economy is 55%. *The probability that there is a "bad" economy is 25%. Q-2a: Draw the decision tree. Q-2b: What is the EMV associated with the decision to buy the bulldozer? Q-2c: What is the EMV associated with the decision not to buy the bulldozer? Q-2d: What is the best decision?
Big Bobs Burger Barn would like to graphically depict the interaction among its lunch- ordering customers and its three employees. Customers come into the restaurant and eat there,
Strategic analysis is an important first step in setting strategic direction
Slighty Used Goods has Cash of $2,150 inventory of $28,470, fixed assets of $9,860, accounts payable of $11,900, and account receivable of $4,660. What is the cash ratio?
Question 1: Explain how a leader can enhance the performance in a team? Question 2: (a) Define ‘A Team' and explain the different stages in ‘Team Development'. (b)
If your CEO asked you why she should invest more money in the organization's staffing systems, what would you tell her?
Has the growth of self-directed teams to manage work in organizations changed the need for strategic, tactical, and operational decision making in business? Explain why or why not
Your responses should be well-rounded and analytical and should not just provide a conclusion or an opinion without explaining the reason for the choice. For full credit, you need
Research ERP systems by visiting the ERP company provider website of your choice (i.e., SAP, Ellucian, Oracle, Peoplesoft, Microsoft, Workday, etc.) Write an essay of between 750-1
What does it take to influence a sales team to achieve excellent results in generating revenue and profit? To help understand this process, discuss some of the most important cri
Stepping Stone Method: Continue the above example containing the initial basic feasible solution obtained by least cost rule. In this there six empty cell :91,1) )1
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