About the recent deterioration of a section of the roof

Assignment Help Operation Management
Reference no: EM13991788

A manager is quite concerned about the recent deterioration of a section of the roof on a building that houses her firm's computer operations. According to her assistant there are three options which merit consideration: A, B, and C. Moreover, there are three possible future conditions that must be included in the analysis: I, which has a probability of occurrence of .5; II, which has a probability of .3; and III, which has a probability of .2. If condition I materializes, A will cost $12,000, B will cost $20,000, and C will cost $16,000. If condition II materializes, the costs will be $15,000 for A, $18,000 for B, and $14,000 for C. If condition III materializes, the costs will be $10,000 for A, $15,000 for B, and $19,000 for C. (A) Draw a decision tree for this problem. (B) Using expected monetary value, which alternative should be chosen?

Reference no: EM13991788

Questions Cloud

How frequent are meetings in your work : How frequent are meetings in your work? What is the length of time that these meetings take?, What kinds of topics are covered in your meetings?, How effective are your meetings?, What factors contribute to their effectiveness or ineffectiveness
Doctoral process-what are the pros and cons : Peer-review is an important part of the doctoral process that many learners do not take advantage of because they are unable to establish productive working relationships. Discuss what your expectations are for your peers reviewing your work. What ar..
The reflective practice-couple effective techniques : The reflective practice is important for all researchers to implement in their daily practice. I encourage students learn the multiple ways of asking a question. There are several techniques that will serve you well during the research process. Can y..
Make a concept map that showstheconnections : Make a concept map that showstheconnections between these theories / concepts of biology. Include a brief statement of each theory and show the interconnectedness of these theories. Who are the famous biologists who are associated with these theories..
About the recent deterioration of a section of the roof : A manager is quite concerned about the recent deterioration of a section of the roof on a building that houses her firm's computer operations. According to her assistant there are three options which merit consideration:
Tax bills of natalie and corporation : a. How do the employee benefits affect the tax bills of Natalie and her corporation? b. How do the employee benefits affect the tax bills of Ricci and her corporation?
Create environment of respect for and attention to diversity : List in bullet points what you would do as a CEO to: Create an environment of respect for and attention to diversity in your workplace. Prepare an employee for expatriation to one of your global offices.
Although a new nation was created under the constitution : Although a new nation was created under the Constitution in 1789, there were already significant differences between the North a nd the South . Discuss the evolution of the South as a distinctive region economically. What role did slavery play? How d..
Dogs come in all sorts of shapes and sizes : Question 1Dogs come in all sorts of shapes and sizes, while house cats are relatively homogeneous. How come? Question 2Turkeys on poultry farms are artificially inseminated. Why can't they mate like those in the wild do?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd