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A plant manager wants to know how much he should be willing to pay for perfect market research. Currently there are two states of nature facing his decision to expand or do nothing. Under favorable market conditions the manager would make $100,000 for the large plant and $5,000 for the small plant. Under unfavorable market conditions the large plant would lose $50,000 and the small plant would make $0. If the two states of nature are equally likely, how much should he pay for perfect information?
Are the factors Gardner selected for evaluation reasonable and complete? What others might be included? Prepare a crossover chart based on the information provided
Joe Jenkins, owner of Jenkins Manufacturing, is considering whether to produce a new product. He has considered the operations requirements for the product as well as the market potential.
Describe how nonverbal feedback conveys powerful messages. Provide an example where nonverbal feedback was used and describe the end result.
Based on this information, what is the standard deviation for the number of days that houses stay on the market in Houston?
Discuss the advantages and disadvantages of a push system and a pull system. Give specific product examples as part of your discussion and post should be at least 250 words and APA format too.
Assessment : - Operations and Information Systems, critically analyse the theory, concepts and models of operations and information management; Demonstrate an understanding of the importance of information management in international operations;
The jobs that consist of multiple operation, what states the sequence in which those operations must be performed?
Describe FIVE different improvements a manufacturing organisation might experience as a result of introducing Total Productive Maintenance (TPM).
Identify three policy problems and determine an appropriate indicator or index that would help determine whether each of the identified problems are being solved through government action. Justify your position on each. (Note: The box includes Wor..
How does formal training differ from organizational training? Describe the role of on-the-job training in a maintenance organization.
Provide a project charter of your selected project in accordance with the charter template found in Doc Sharing. Please put this in proper business writing format. Consider me to be your boss. A charter should be a minimum of 3-5 pages long( 3 woul..
Which legal system relies upon principles or rules of law that were developed from court decisions?
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