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Philip Musa can build either a large video rental section or a small one in his Birmingham drugstore. He can also gather additional information or simply do nothing. If he gathers additional information, the results could suggest either a favorable or an unfavorable market, but it would cost him $ 3,000 to gather the information. Musa believes that there is a 50– 50 chance that the information will be favorable. If the rental market is favorable, Musa will earn $ 15,000 with a large section or $ 5,000 with a small. With an unfavorable video- rental market, however, Musa could lose $ 20,000 with a large section or $ 10,000 with a small section. Without gathering additional information, Musa estimates that the probability of a favorable rental market is .7. A favorable report from the study would increase the probability of a favorable rental market to .9. Furthermore, an unfavorable report from the additional information would decrease the probability of a favorable rental market to .4. Of course, Musa could ignore these numbers and do nothing. What is your advice to Musa?
Then, six months after arriving, Jill is terminated and the employer offers no explanation. Emma sues for unlawful termination. What could be a possible outcome?
American Capitalism. Is a large discrepancy between executive pay and that of the average worker unfair to the worker? Is it unfair to increase a CEO's compensation at the same time that he or she downsizes
Discuss the role of modelling in research in managerial decisions making with an appropriate illustration. Explain how is model validation done.
What source screening activities are available to a supply manager for critical procurements? Describe each one.
question. would a fixed order quantity system or a fixed time period system be preferable for a-class items? why? or
Think of all the examples of forecasting you experience on a regular basis; such as the weatherman on TV each night.
A consulting firm consist of associates, managers and partners. The company would like to maintain 200 associates, 60 managers and 20 partners.
A ferry loads cars for delivery across a river and must have a full ferry load of 10 cars. Loading is instantaneous, and the round trip time is an exponential random variable with a mean of 15minutes. The cars arrive at the shore as a Poisso..
1-a great way to evaluate changes that need to be made is through the consumers. why?2-in order to use any type of
Explain how you would convert each of these continuous measures into discrete information by comparing the continuous measure to a threshold value.
What kind of industries does a localization strategy makes sense? Why? When does a global standardization strategy make most sense? Why?
Write down a paper in which you develop the research strategy to find out a solution for your selected problem. Your paper must include the following items:
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