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?
Your company has a market share of 25%. The total market size is $100 million. Your contribution margin (the ratio of the contribution per unit over the price per unit) is 20%. You
Yvon, an accountant, is charged with negligence by Zesty Sauce, Inc., a client. Yvon may successfully defend against the claim if she can show that (Points : 2) scienter was lackin
Sawyer's a local bakery, is worried about increased costs- particularly energy. Last's records can provide a fairly good estimate of the parameters for this year. Judy Sawyer, the
Explain understanding of human behaviour. Understanding of Human Behaviour: Understanding human behaviour is significant for any one dealing along with human resources. This
Question 1: What are the various decisions Operations Managers are called upon to make in the manufacturing and service Industries for the various operational areas under his r
discus more about work measurement techniques
Transforming Inputs into Outputs - Productivity Measures As will become clearer during the course of this chapter, a more quantitative definition of productivity cannot easily
A project manager desires a work breakdown structure that goes through 6 levels of detail. Level 3 through level 6 would most likely be prepared by: Answer Project sponsor
What does the concept of interactive design mean for a service such as the adventure playground described in this case study?
The act of consciously choosing from alternatives is called a dilemma. a quandary decision making. a paradox. a predicament.
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