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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.
explain how have its weaknesses exacerbated threats and cause m to fail to take pros of opportunities. Has Google realized mission and vision through dealing with exogenous threats and external opportunities.
ABC Company, a manufacturer of roofing supplies, has developed monthly forecasts for roofing tiles. The forecasted demand and the expected production days for months March to August in 2013.
A bottling plant fills 2,400 bottles every two hours. The lead time is 40 minutes and a container accommodates 120 bottles. The safety stock is 10 percent of expected demand.
Elucidate the logic as to explain how Foreman's 3-days course could be positively influence Albertson's profitability.
A nursing home contracts with an HMO for skilled nursing care at $2.00 PMPM. If costs are expected to average $120 per day, what is the maximum utilization of days per 1,000 members that the nursing home can experience before it begins to lose mon..
How critical is Vision to Strategy and in your experience, how well has your organization's vision (assuming one is in place) been connected to the organizational strategy?
Explain how can an organization overcome employees' resistance to change. Explain how does your organization respond to planned also unplanned change. Explain how do change agents affect your organization.
The number of days that homes stay on the market before they sell in Houston is bell-shaped with a mean equal to 56 days. Further, 95 percent of all homes are on the market between 40 and 72 days.
A customer tells the cashier what he wants, the cashier marks it on a slip of paper, and puts it on the packaging table behind the counter. This part on average takes 30 seconds.
Studies on a bottle filling machine indicates it fill bottles to a mean of 16 ounces with a standard deviation of 0.10 ounces. What is the process specification, assuming the Cp index of 1?
In few sentences. Explain why change is an essential process for business to be competitive? In what way must business must keep changing?
Spartan castings must implement a manufacturing process that reduces the amount of particulates emitted into the atmosphere. Two processes have been identified that provide the same level of particulate reduction.
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