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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?
• Explain why some states do and other states don't have a public-sector bargaining law or laws that cover some public employees but not others. • From the second e-Activity, co
Please explain in detail what you would do for the following scenario: You have just finished laying off 25 people because of a need to cut costs. You are then invited to a managem
Discuss the strategic importance of layout decisions.
Recalling your participation in Workshop 1, identify a process at your organisation that has been or could be analysed and/or improved using simulation (via software such as Extend
Benefits of outsourcing and how to improve capacity using ratio rastionalisation and sub contracting
Susan is considering outsourcing the daily room clean-up for her motel to Duffy's Maid Service. Susan rents an average of 50 rooms rented for each of 365 nights (365*50=total rooms
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What are some new products I could use that serve two business (organizational) markets?
1. How do variables and attributes differ? 2. Estimate the mean and standard deviation of the following measurements.
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