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Renesmee Corporation is a chemical company. The research and development manager is trying to decide whether or not to develop a new solvent that would work at all conditions. It is thought that the solvent project may be a major success with an estimated value of $ 500,000, a moderate success with an estimated value of $200,000 since it can be sold to another company to help with its current project or a total failure. If the project is a failure it will cost the company $450,000.Based on the subjective judgment of the manager, the following probabilities are assigned to the three possibilities. P( major success) = 0.40 P( moderate success) = 0.30 P( failure) = 0.30 a) Construct a decision tree for this problem. What is the optimal decision strategy and its expected value? b) What is the expected value of perfect information? Explain what it means.
Does feasibility analysis investigate economic, organization, technical, resource, also schedule feasibility. Illustrate what are capacity implications of marketing campaign (assume no learning).
describing the issues your company must consider regarding each of the following environmental areas: economic, social-cultural, technological, and political-legal.
The forecast for september, which was made in August, was for 1065 checking account customers
Your company has an average annual inventory of $70 million. Its annual cost of goods sold (COGS) is $560 million. Order costs are $195 per order, and inventory carrying costs are estimated at 23%.
Explain Non-negativity constraints - restrict the decision variables to zero. restrict the decision variables to positive values
Prepare a spreadsheet with formulas and draw the network ustilizing the drawing tools or by inserting shapes. Please denote the critical path using red.
Messages are transmitted from low speed terminals and arrive at a message concentrator at a Poisson rate of 600/hr. They are held in a buffer until a hi-speed trunk line is free to transmit them.
Because of the aggressive actions of his brokerage firm, a stockbroker feels pressure to recommend to a client a stock he does not consider a good investment.
Suppose the machinability criterion was the cutting speed for a 10 min tool life. Compute the machinability rating for this case. What do the results of the two calculations show about the difficulties in machinability measurement?
Illustrate what are the ethical, social, also political issues that might arise through utilizing a wiki. Illustrate what policies would you put in place at your organization to address these issues.
Use a matching demand strategy not to exceed production capacity of 2,610 external hard drives per quarter with overtime for any production above this to ensure that all production requirements are met during each quarter. What is the total cost of ..
Information flow diagrams provide a way for the system to be broken down into manageable parts beginning with a general context and moving into more detail. Draft a DFD (Information flow diagrams) for Patient admission in a hospital.
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