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XYZ coating company has reviewed four new processes for improving their coating line. The four processes, labeled A, B, C, and D use different technology and have different capacities. All the processes have the same level of production and the lifetime. The four states of nature represent four levels of consumer acceptance of the firm's products. Values in the table are net present value of future profits in millions of dollars. Forecasts indicate that there is a 0.4 probability of acceptance level 1, 0.3 chance of acceptance level 2, 0.6 chance of acceptance level 3, and 0.5 change of acceptance level 4. Consumer Acceptance Level (states of nature) 1 2 3 4 Alternative A 1 2 3 4 35 55 85 165 Alternative B 1 2 3 4 -105 -5 155 225 Alternative c 1 2 3 4 75 85 75 65 Alternative D 1 2 3 4 55 55 75 65 Using the criterion of expected monetary value, which production alternative should be chosen?
Discuss the leadership style, visionary, coaching or afflictive, that would be the best in the given situation below and provide support for your choice. 1) A non-profit agency wis
#questiApplying the EBQ1 model, what batch size would you recommend for the babybath (143BB)? How long will each batch take to produce, and how many batches per year will be made?
Describe the importance of learning curves in a services-based operation and how they can be used to increase organization efficiency. Please provide a specific example.
Create a 10-12 slide presentation describing the data types. Include the following in your presentation? Introductory slide? Slide for each data type (containing a definition of th
Which among the following frameworks of ethics becomes less practical with an increase in the number of people, animals, etc. that could be affected by decisions made?
Ashish keeps his inventory in special containers. Each container occupies 10 sq fit of store space. Only 5000 sq ft of the storage space is available. The annual demand fo
Compare and contrast the open-systems and open-space methods for large-group interventions.
Quality and Reliability & After Sales Service - Operation Strategy Quality and reliability The extent to which the customers' expectations are satisfied or exceeded by
Messages are transmitted from low speed terminals and arrive at a message concentrator at a Poisson rate of 600/hr. They are held in a buffer until a hi-speed trunk line is free to
1. If, instead, a constant sample size of 100 is chosen, determine the np-chart control limits. A later sample produces 15 defectives: what conclusion can be drawn? 2. 1000 bot
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