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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?
Describe briefly, major opportunities for an organisation operating in a modern global business environment. There are several significant opportunities for an organisation o
) A time study analyst observes a worker over a period of time and calculates that the worker required 90.0 minutes per unit produced. The worker was rated at a 105 percent perfor
what do you mean cllasification of opertion
What is the problem, opportunity, or challenge addressed in the article? Executive Summary Manipal Hospital is situated in Bangalore, known as the Garden city of India.
Steps in work Measurement: The various steps are : 1. Break the job into elements: 2. Record the observed time for each element by means of time study synthesi
Discuss Michael Porter's Competitive Forces Model. Provide examples to illustrate your points.
A financial plan is a bridge between two balance sheets. Describe the major categories of assumptions that must be specified to project a future balance sheet, given a current b
Ask question #Minimum 100 words acceptNas food produces to kinds of popular dark chocolate bars. the banana and coffee. the banana bar costs 0.22 to make and sells of 0.35, where a
Another name for a cause-and-effect diagram is which of the following? Histogram Run chart Check sheet Fishbone diagram
What do you understand by “line balancing”?
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