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An engineer at the Metal works is considering the introduction of a new line of products. In order to produce the new line, the company needs either a major or minor renovation of the current platn. The market for the new line of products could be either favorable or unfavorable, each with equal chance of occurrence. The company has the option of not developing the new product line at all. With major renovations, the company's payoff from a favorable market is $100,000, from an unfavorable market $-90,000. Minor renovation and favorable market has a payoff of $40,000 and an unfaborable market of $-20,000. Obviously, not developing the new product has a $0 payoff. Prior to making a final decision the company has contracted with a market researching group to conduct a market analysis to determine for certain if the market will be favorable or unfavorable. How much is the maximum amount the company should be willing to pay for this accurate information? (indicate to the nearest whole number)
describe their sources of competitive advantage. For each, state whether you believe which quality supports their strategy or does not support it.
Excelsior's proiducts average inventory is valued at $500,000. Inventory is ordered 52 times per yearat a reordering cost of $700/per order. THe cost of carrying inventory is 20%.
Why is selecting computer hardware and software for the organization an important management decision? What management, organization, and technology issues should be considered when selecting computer hardware and software?
Discuss impact of environmental richness, environmental interdependence also environmental uncertainty also volatility on organizational design.
How much should be invested at 12% nominal interest rate, compounded monthly, to provide equal yearly payments of $10,000 per year
What is the difference between the operations management chain for both goods and services and is there a difference between the management of goods and services?
How can the inclusion of women in top leadership positions in local and national unions be increased?
Develop a cause-also-effect diagram to Find out the cause also effect of the problem faced by XYB Organization. Based on this diagram, recommend some probable methods for improving the processes.
Knowledge and change management are major challenges to most organizations. Individual and organizational learning are very different concepts though they are reliant on each other
Consider the following linear program: Max 1A + 1B s.t. 5A + 3B ?15 3A + 5B ? 15 A, B ? 0 a. What is the optimal solution for this problem? b. Suppose that the objective function is changed to 1A + 2B. Find the new optimal solution.
Reflect on the GEICO commercials you have seen and those discussed in your textbook. One of the things that these ads do is invite the audience to become involved and make an interpretation of the ads.
Develop an ld score for the current layout. What problems can you identify with the current layout? Use trial and error to come up with a better layout that lowers the ld score. Explain the departments you thought needed to be in close
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