Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Page Engineering designs and constructs air conditioning and heating (HVAC) systems for hospitals and clinics. Currently the company's staff is overloaded with design work. There is a major design project due in 8 weeks. The penalty for completing the design late is $14,000 per week, since any delay will cause the facility to open later than anticipated, and cost the client significant revenue. If the company uses its inside engineers to complete the design, it will have to pay them overtime for all work. Page has estimated that it will cost $12,000 per week (wages and overhead), including late weeks, to have company engineers complete the design. Page is also considering having an outside engineering firm do the design. A bid of $92,000 has been received for the completed design. Yet another option for completing the design is to conduct a joint design by having a third engineering company complete all electromechanical components of the design at a cost of $56,600. Page would then complete the rest of the design and control systems at an estimated cost of $30,000.
Page has estimated the following probabilities of completing the project within various time frames when using each of the three options. Those estimates are shown in the following table:
Probability of Completing the Design
Option On-Time 1 wk. late 2 wks. Late 3 wks. Late
Internal Eng. 0.4 0.5 0.1 -------
External Eng. 0.2 0.4 0.3 0.1
Joint Design 0.1 0.3 0.4 0.2
What is the best decision based on an expected monetary value criterion?
But from the outside, it's getting harder every day to articulate what Google is. Is it a Web company? A software company? Something else entirely? How are the situations for Fo
What would you recommend the company (Rochem Ltd) should do?
Why are aggregate and succession planning of critical importance? How might failures in these areas impact an organizations ability to compete? Be specific
Describe possible gaps you observe within Situational Leadership Theory. What strategies or adjustments in your own behavior, thinking, or worldview might you consider or employ to
What are the privacy requirements under HIPAA? Explain why confidentiality of health information has been a controversial public policy issue. Give a real world example. How can he
A virtual good is a physical object that is sold over the interest
What type of transmission path does a fixed wireless signal require? a. line-of-sight b. non-line-of-sight c. omni-directional d. code divided
Document three types of cost and determine which is the most difficult to control. Support your response and identify a method(s) that would enable you to overcome the difficulty.
What are four safeguards that the ERISA legislation specified to address the many obstacles employees faced with pension plan funding? How did the Pension Protection Act add additi
After reading your assigned readings on international monetary policy in this unit, visit the global beverage company of your choice. Note the number of different countries that th
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd