For the following payoff table, what alternative should be chosen if you are following a Maximin strategy? alternative. yes. No small. 10. 30 Medium 20 40 medium Large 30 45 large 40 35 extra large 60 20 prior probability 0.3 0.7 a.Medium Large b.Medium c.Small d.Extra Large e.Large
Q: Zan Azlett and Angela Zesiger have joined forces to start A&Z Lettuce Products, a processor of…
A: Break-even quantity is the quantity where the production cost and the production revenue of an…
Q: escribe four different ways used to develop a project WBS briefly. Then, explain why it is often so…
A: WBS defines as a Work Break Down Structure. It splits the effort into multiple segments. It breaks…
Q: What are the practical constraints?
A: Unethical behavior has been the most pressing concerned for many organizations. While employees are…
Q: Examine and discuss the reasons for Nike to utilize warehousing in order to optimize their…
A: The process of ordering, storing, using, and selling the inventory of a company is known as…
Q: 1. Given the following linear programming model: Minimize Z = 480x1 + 160x2 subject to…
A: Please note that as you have posted more than one question, the first question with two subparts is…
Q: a. Construct a network for this problem. b. Determine the expected time and variance for each…
A: D(duration)=given in the question as normal time ES (Early start)= The first activity from where the…
Q: Lead time usage refers to the length of period it takes to order and receive goods and also called…
A: Lead time is the duration that is taken to compete the process of producing a product till the final…
Q: You are the project manager on a $1,000,000 housing development project that has an estimated…
A: Total budget = $1,000,000 Duration of the project = 5 months Estimated project completion at the end…
Q: A manufacturer produces both widgets and gadgets. Widgets generate a profit of $50 each and gadgets…
A: to solve this, we need to find the net profit by subtracting the setup cost incurred from the gross…
Q: A U.S. manufacturer is planning to open a plant in Sweden. What should this firm know about the…
A: Work-life quality is defined as the job-related experience of an individual where he/she can find…
Q: e) is used in sponsors progra
A: The ad's structure is determined by its execution framework. When you're interested in a product or…
Q: A company estimates that it will take 20 hours and 42 direct labor hours to construct the 50th and…
A: Kn=K1×nbWhere,b = Log rLog 2r = learning rate as decimalKn = Direct labor hours required to produce…
Q: How are disturbances managed and what influence do they have on the machine's capacity to operate?
A: Disturbance is any situation other than the normal and standard operating conditions for any…
Q: In the fewest possible words, define the phrase "balanced scorecard." What is the connection between…
A: The balanced scorecard is an example of performance measurement system. By this approach, business…
Q: Ross White’s machine shop uses 2500 brackets during the course of a year, and this usage is…
A:
Q: How does data management professionals apply to ethical decision making in their roles?
A: Data management professionals:- Data Management Professionals are people who are working on…
Q: Why is it important to create a Product Breakdown Structure, and also explain with Example of a…
A: Work breakdown structure is described as a means of managing a project and it allows effective…
Q: Tom has several years of experience computer program. he signs a six month contract with the Metro…
A: Self-employment can be stated as the state of working for oneself instead of doing the job for…
Q: Hayes and Wheelwright argued that it is profitable for firms to operate along the diagonal of the…
A: It is impossible for the company to stay profitable while operating along the diagonal of the…
Q: Imagine that you are the manager of a fine dining restaurant. You are faced by the problem of a…
A: Fine dining, as opposed to casual eating, refers to a restaurant experience that is of higher…
Q: tes, respectively. Compute the hourly capacity of this system. Enter your answer with ONE decimal…
A:
Q: The selling price per unit of a product is $35, the fixed costs per month are $12,500, and the total…
A: A breakeven point is a unit sales level or revenue level which helps to identify no profit or No…
Q: Compute the hourly capacity of this system. Enter your answer with ONE decimal point.
A:
Q: From your own point of view, how can management empower their employees? Discuss your answer…
A: In every organization it is very important and necessary to empower the employees by the management.…
Q: Provide two examples for each of the following categories of good questions to ask when conducting…
A: (a) - Flow Example 1 - Check wheather the transformation process is balanced or unbalanced? It…
Q: Cite an example of ideas that involve identifying creating new processes for producing and/or…
A: Market PenetrationIn a market penetration strategy, the firm purposes its products in the existing…
Q: Banks have card readers on the outside doors to individuals branches for access to the ATM lobby for…
A: Suppose - Reliability of first Card Reader = R1 Reliability of Second Card Reader = R2 % of…
Q: The data below represent a project that can be completed at normal cost in 15 days. The project can…
A: Find the Given details below: Activity Predecessor Normal Time (NT) (Days) Crash Time (CT) (Days)…
Q: What are some discretionary benefits that a company could eliminate? Why
A: The term discretionary benefit can be understood as the benefits which are over and above the cost…
Q: A manufacturer of hospital supplies has a uniform annual demand for 80,000 boxes of bandages. It…
A:
Q: ind the average number of moviegoers waiting in line to purchase a ticket. b. What percentage of…
A:
Q: stock exchange and gained P 309,000.00 in three weeks. Compute the ROI for both investments and…
A: ANS 1= Annualized ROI Formula = (Ending Value / Starting Value)1/n – 1 When, Ending Value = Worth…
Q: An illustration of how each BI component might be used in conjunction with a distributed warehouse.
A: Business Intelligence:- Business Intelligence is made up of many different components. The main…
Q: Is Amazon Web Services an enterprise-level platform?
A: AWS (Amazon Web Services) is Amazon's done appropriated processing stage, which incorporates…
Q: A friend of yours who is studying a different qualification from you, wants you to explain to…
A: Products today are sourced from different parts of the world, assembled at different locations and…
Q: How might minimum stays (2 nights, 3 nights) help maximize revenue in a hotel?
A: Revenue management would mean to predict the customer behavior to sell the product at an optimal…
Q: How can the lean operations system be applied in the healthcare industry? Please provide examples
A: Lean Healthcare is defined as the application of lean ideas in healthcare industry to minimize waste…
Q: Determine optimalproduct mix for maximizing profit for the problems that show in the table below:…
A: We can see in the given question matrix that the total demand is not equal to the total supply.…
Q: Problem: Yankee is the Plant Manager of Reebok International limited and he wants to determine the…
A: Decision variables: Let x be the number of Classic rubber shoes…
Q: How does the Porter competitive forces model aid organizations in developing competitive information…
A: There are four generic strategies used to manage competitive forces, every one of which frequently…
Q: A project's activities must be completed in the sequence indicated below. Activity Duration…
A: A network diagram is a visual representation of a project which helps to identify the critical path…
Q: International companies' choices of locations for their plants and other operations are influenced…
A: ANSWER: 16 TRUE Explanation : As the companies are required of raw materials and finished goods of…
Q: Consider the foll owing network diagram showing different routes in a university. Determine the path…
A:
Q: Risk Management is not Risk Elimination". What does this mean? Do you agree or disagree with the…
A: Risk management can be stated as the approach of recognizing, evaluating, and handling or…
Q: 18Every company has a Bottleneck True False 19Capacity of each sequence in a process is independent…
A: The detailed solution is given in Step ahead.
Q: q1:What is the minimum number of people who could be working at time t=9? Q2:What is the minimum…
A: Here, we would prepare the Gantt chart, in this chart, we would draw the duration bar for each task,…
Q: Given what we have recently gone through with the COVID crisis, what are the pitfalls of having a…
A: The tightly linked supply chain could help us to deliver the common objectives in an efficient way,…
Q: q1:What is the minimum number of people who could be working at time t=9? Q2:What is the minimum…
A: Activity Activity time Precedence 1 Precedence 2 A 5 B 3 C 6 D 3 A B E 5 C…
Q: ntID АНТ Quality number of cases 1 416.7 95.6% 503 2 613.5 99.0% 260 3 430.7 100.0% 385 4 579.0…
A: Average handle time is defined as the the average call time takes to resolve a customer service…
Q: Explain what are the core and distinctive competences that a company can use to build their…
A: Defining Distinctive Competencies:- There are three main types of business competencies: functional,…
For the following payoff table, what alternative should be chosen if you are following a Maximin strategy?
alternative. yes. No
small. 10. 30
Medium 20 40
medium Large 30 45
large 40 35
extra large 60 20
prior probability 0.3 0.7
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
- A. A company wants to produce a souvenir with a marketing life of six months. Uncertainty surrounds the likely sales volume as well as the fixed costs of the venture as shown below: Sales units Probability Contrn. /unit Probability Fixed cost K7 K5 100 000 0.3 80 000 0.6 60 000 0.1 1.0 0.5 0.5 1.0 Determine the expected value of the contribution K400 000 K450 000 K500 000 Probability 0.2 0.5 0.3 1.0B-1. Which is more desirable assuming data are COST Decenaine the cousen dagram. 60 90 60 1/3 (45) 45 99 40 50 50 30 20 /2 40 50 B-2. A firm must decide whether to construct a small, medium or large stamping plant. A consultant's report indicates a 0.20 probability that demand will be low and 0.80 that demand will be high. If the firm builds a small facility and demand turns out to be low, the Net Present Value (NPV) will be $42M. If demand turns out to be high, the firm can either subcontract and realize the NPV of $42M or expand greatly for a Net Present Value of $48M. The firm could build a medium size facility as a hedge: if demand turns out to be low, its NPV is estimated at $22M; if demand turns out to be high, the firm could do nothing and realize a NPV of $46M, or could expand and realize a NPV of $50M. If the firm builds a large facility and demand is low, the NPV will be ($20M), whereas high demand will result in a NPV of $72M. a) Analyze and solve this problem using a…3. The manager for a manufacturing company must recommend whether to construct a large plant, construct a small plant or do nothing. He estimates the long-run profits in $ as follows: State of Nature Alternative Good Average Poor Market($) Market ($) Market ($) Construct a 100,000 35,000 -60,000 large plant Construct a 75,000 25,000 -40,000 small plant Do nothing -5,000 0 0 Probability 25% 50% 25% Solve using: A. Expected Opportunity Loss B. Expected Value of Perfect Information
- A-1. Which is more desirable assuming data are PROFIT Decertaine the course dagram. 90 60 Va (45) 45 99 50 50 30 .20 /2 40 50 A-2. A firm must decide whether to construct a small, medium or large stamping plant. A consultant's report indicates a 0.20 probability that demand will be low and 0.80 that demand will be high. If the firm builds a smll facility and demand turns out to be low, the Net Present Value (NPV) will be $42M. If demand turns out to be high, the firm can either subcontract and realize the NPV of $42M or expand greatly for a Net Present Value of $48M. The firm could build a medium size facility as a hedge: if demand turns out to be low, its NPV is estimated at $22M; if demand turns out to be high, the firm could do nothing and realize a NPV of $46M, or could expand and realize a NPV of $50M. If the firm builds a large facility and demand is low, the NPV will be ($20M), whereas high demand will result in a NPV of $72M. a) Analyze and solve this problem using a decision…6) Nicole has decided to go to school which costs her a total of P19,500 and give upi on a job that paid her P24,900 for the year. But instead, she can hope to earn P29,900 after she graduates. Nicole's opportunity cost amount to?a. P19,500 b. P24,900c. P29,900d. P5,000 7. Villanueva Enterprises reported the ff. information. What is the cost of goods manufactured in February?I. Jan. 2017 -job accumulated cost of P3,000ii. Feb. 2017 -the following costs were added to production: Job 1-P10,000 Job 2-P8,000Job 3-P7,000 III. Feb. 2017 Job 1 was completed and sold for P18,000 Job 2 was completed but not sold Job 3 remains in production b. P8,000c. P10,000 d. P13,000e. P21,000 8. Julie borrowed a certain amount from Diane on June 2016. Two years later, Julle i again borrowed P5,000. Julie decided to pay P1,000 on June 2019 and dischargei her balance by paying P7,500 on June 2021. What was the amount borrowed oni June 2016 if the interest rate is 8% compounded annually?a. P1,389.50 b.…4. "Family Man," a construction company, is considering whether to bid on a contract for a new housing complex. The cost of preparing a bid USD 200,000. “Family Man" has a 0.8 probability of winning the contract, if it submits the bid. If "Family Man" wins the bid, it has to pay USD 2000,000 to be a project partner of the project. As per the usual practice, "Family Man" will then consider consulting a market research firm "Marquess" to conduct a market survey to forecast the demand of housing complex before beginning the construction. "Marquess" charges a fee of USD 150,000. Now, the demand scenario can be either "High demand" or "Low demand." "Family Man" gets a revenue of USD 5000,000 and USD 3000,000 in case of "High demand" and "Low demand" scenario, respectively. On the other hand, instead of construction, "Family Man" has a provision of selling its project rights to another project partner construction company at the price USD 3500,000. As per the historical data, "Marquess"…
- Saved Help Save & Exit Sub ed: Chapter 9 Decision Analys.. i You have determined that your risk tolerance is 90. Calculate your utility for the following payoffs: (Round your answers to 2 decima places.) Payoff Utility 13 23 45A company wants to produce a souvenir with a marketing life of sixmonths. Uncertainty surrounds the likely sales volume as well as thefixed costs of the venture as shown below:Sales units Probability Contrn. /unit Probability Fixed cost Probability100 000 0.3 K 7 0.5 K400 000 0.2 Page 5 of 80 000 0.6 K 5 0.5 K450 000 0.560 000 0.1 K500 000 0.31.0 1.0 1.0 Determine the expected value of the contributionBased on the following payoff table, answer the following: High Low 90 -10 70 40 Lease 60 55 Prior Probability 0.4 0.6 The maximum likelihood strategy is: Alternative Buy Rent O Lease. Rent. O Buy. O High. O Low.
- Stocks A and B have the following probability distributions ofexpected future returns:Probability A B0.1 (10%) (35%)0.2 2 00.4 12 200.2 20 250.1 38 45a. Calculate the expected rate of return, r⁄B, for Stock B (r⁄A =12%).b. Calculate the standard deviation of expected returns, σA, for Stock A (σB =20.35%).Now calculate the coefficient of variation for Stock B. Is it possible that most investorswill regard Stock B as being less risky than Stock A? Explain.c. Assume the risk-free rate is 2.5%. What are the Sharpe ratios for Stocks A and B? Arethese calculations consistent with the information obtained from the coefficient ofvariation calculations in part b? ExplainTopic: ProbabilityGoal: In your business planning, you will employ mathematics probability to increase your chances of success.You play the role of a tiny business owner who wants to expand into a much larger enterprise. You must write a written report and deliver it to the group on the most likely outcome(s) of the business you wish to start.The target audience is a group of small company owners who could be interested in partnering with you. Product: A written report on the business's likely results that will be given to the group. Success Criteria: The written report that will be provided must be... - Represents genuine business problems or patterns. - Persuasive, based on probability mathematics.In Benefit/cost ratio analysis, if the salvage value is used to recover the first cost, it is being considered as: Select one: a. negative cost b. cost c. benefit d. disbenefit =================== Ali takes out a loan at 10 percent compounded annually for 7 years. At the end of this period, he pays off the loan at a value of $23,384.61. What amount did he borrow? Select one: a. $12,000.00 b. $15,000.00 c. $14,000.00 d. $13,000.00 ============= While considering the engineering economy concepts, the most important tense almost all exercises deal with is the annual worth. Select one: True False Ans all