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Even though independent gasoline stations have been having a difficult time, Ian Langella has been thinking about starting his own independent gasoline station. Ian's problem is to decide how large his station should be. The annual returns will depend on both the size of his station and a number of marketing factors related to the oil industry and demand for gasoline. After a careful analysis, Ian developed the following table:
For example, if Ian constructs a small station and the market is good, he will realize a profit of $50,000.
a) Develop a decision table for this decision, like the one illustrated in Table A.2 earlier.
b) What is the maximax decision?
d) What is the equally likely decision?
e) Develop a decision tree. Assume each outcome is equally likely, then find the highest EMV.
Evaluate your project management options in terms of schedule, performance, and cost for the following scenario. Support your evaluation
Prepare a production budget for the second quarter of the year.
Will, Dan, and Tom are equal owners of Rheen Corporation, and each has a different fiscal year. Will has a fiscal year that ends April 30, Dan's ends May 31, and Tom's ends November 30.
Of the several points where inspection may be necessary, which apply especially well to manufacturing? - What roles do operations managers play in addressing the major aspects of service quality?
Use the Web or other sources to identify what an ERP vendor includes in these software modules:- Customer relationship management. - Supply-chain management.
1. What have you done to achieve your development goal? 2. How does the experience make you feel emotionally and psychologically? 3. What do you learn relating your experience to what we learn about international management?
Assume a firm works on a set large scale development projects, in which the learning curve theory can be utilized. The first project takes 200 days and the second project takes 180 days. Which of the following statements is correct A - The third pro..
In terms of creating a timeline, what is meant by the critical path of a PERT chart?
Discuss the 4 grids in the competing values model. Outline the complexity of the competing values decision-making model.
find portfolio riskan investor is considering a two-asset portfolio. stock a has an expected return of 4.50 per share
As a small project team (3 - 4 members) you are to look at an Oil and Gas project (Option 1: Solar Panels OR Option 2: Knowledge Management System) and to apply project management learnings and techniques to deliver the following milestone:
project managementanalyze a change you experienced that was initiated by a disruptive force. describe the disruptive
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