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Video Tech is considering marketing one of two new video games for the coming season: Battle Pacific or Space Pirates. Battle Pacific is a unique game and appears to have no competition. Estimated profits (in thousands of dollars) under high, medium, and low demand are as follows: Demand High Medium Low Profit $1000 $700 $300 Probability 0.2 0.5 0.3 Video Tech is optimistic about its Space Pirates game. However, the concern is that profitability will be affected by a competitor’s introduction of a video game viewed as similar to Space Pirates. Estimated profits (in thousands of dollars) with and without competition are as follows With Competition Demand High Medium Low Profit $800 $400 $200 Probability 0.3 0.4 0.3 Without Competition Demand High Medium Low Profit $1600 $800 $400 Probability 0.5 0.3 0.2 Video Tech believes there is a 0.6 probability that its competitor will produce a new game similar to space Pirates. (a) Draw a decision tree and fold it back to find the optimal solution. (b) What is the optimal decision? What is its expected value? (c) Right now the chance of competition is 60%. How much higher or lower would this probability need to be in order for your decision to change?
Describe FIVE different improvements a manufacturing organization might experience as a result of introducing Total Productive Maintenance (TPM).
Assignment On Tracking Progress on Sustainability Goals. Good intentions must be followed by actions leading to measurable outcomes. Sustainability initiatives and their outcomes are tracked through accountability systems and transparent reporting..
If you were Monsanto's CEO, how would you best balance the conflicting needs of the variety of stakeholder groups that Monsanto must successfully engage?
Discuss several advantages of using the M/M/1 waiting line queuing model. Clearly explain the reasons for your choices.
Describe a situation where you had to motivate a subordinate on in your job. What was the issue to led their decline in motivation? How did you motivate therm? What approach, processes or actions did you take?
Describe a humbling experience. You seem pretty positive, what types of things bring you down? Why should we hire you? Describe yourself, what excites you?
emerging markets affect the domestic market in america and its interaction with the global markets. businesses from
If you are using a project from a volunteer role or past employment, indicate that feature and specifically request feedback on the viability of your selection from your classmates.
Based on the RSPS case, you will be required to create a PowerPoint presentation of 12-15 slides (including a title and reference slide) in which you address the following questions that pertain to the major human resource management responsibilit..
1. define social responsibility. 2.list the three main reasons for government regulation of businesses. 3. explain the
The J&B Card Shop sells calendars featuring a different Colonial picture for each month. The once-a-year order for each year’s calendar arrives in September. From past experience the September-to-July demand for the calendars can be approximated by a..
David worked as a physician's assistant for MegaHosp, a large corporation which owns hospitals throughout the country. He worked for the Rincon County Hospital for years, which is owned by MegaHosp. The local hospital was managed by Paul Vermeer, ..
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