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Boutique Guitars and Gear carries several types of strings. For one type, each package of strings costs the store $3.50 to purchase, and the store can sell them for $6.50 a piece. He estimates that not having the strings in stock if someone wants them costs him about $0.50 in business goodwill. However, after 6 months the strings start to age and he has to drop the prices to $2.50 per pack to get them to sell. He estimates demand for the strings in the next 6 months using the table below. Generate a payoff table, and compute the expected value for each alternative. How many packs of strings should the guitar shop purchase?
Demand Probability
10 0.10
11 0.15
12 0.35
13 0.25
14 0.15
Based on the information available in the case, discuss what you think are the reasons for people’s resistance to the MRP implementation. Discuss if there is any value to the task force idea that was suggested by the CEO as a way to facilitate the im..
In an organization with self-managed work teams, one of the teams decides that instead of reaching a consensus on some issue, it will simply vote on what to do. The majority then makes the decision. Of which type of strategy for conflict management i..
Compare and contrast the public interest and special interest theories that describe the motivation behind government intervention in the health care market. Which theory do you believe is the most accurate?
In this homework assignment, you will be working through four Activity In Box (AIB) problems. Using the activity, duration, and predecessor information given in this document, you should first construct a network for each project
What is social media and what are some of the social media tools used by businesses?
Which of subsequent strategies would be most likely course to help to reduce TCO of merged firms' technology investments.
Sally works as a welder at Heavy Iron Works Company. She is the only female welder in a shop with ten male welders. Teddy is the manager of that shop with Sally and the ten male welders. What factors will be considered in determining whether there i..
A project manager must ensure that the person’s with whom he or she deals have authority. A project manager who fails to adequately identify these key people could suffer serious problems along the course of a project. Discuss the steps a project man..
A television set manufacturer makes two models of TV sets, LED and HD, and in two sizes, 32" and 55". The firm has to decide on the mix of the combinations of the two models and the two sizes. A market research indicates that at most 2000 of 32" (bot..
For a telephone survey, a marketing research group needs to contact at least 150 wives, 120 husbands, 100 single adult males, and 110 single adult females
Identify the five main types of actions which a company can choose from in crafting a social responsibility strategy. Why it is important to include policy and law in the study of health care and public health. Explain the ironic dimension of whistle..
There are three equally likely states of nature (High, Medium, and Low demand). If the Build a large factory option will post profits of $90,000, $30,000, and - $30,000, respectively, in the three states of nature, what is the EMV of the option?
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