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Renesmee Corporation is a chemical company. The research and development manager is trying to decide whether or not to develop a new solvent that would work at all conditions. It is thought that the solvent project may be a major success with an estimated value of $ 500,000, a moderate success with an estimated value of $200,000 since it can be sold to another company to help with its current project or a total failure. If the project is a failure it will cost the company $450,000.Based on the subjective judgment of the manager, the following probabilities are assigned to the three possibilities. P (major success) = 0.40 P (moderate success) = 0.30 P (failure) = 0.30 a) Construct a decision tree for this problem. What is the optimal decision strategy and its expected value? b) What is the expected value of perfect information? Explain what it means.
When a government is corrupt and it is taking the life of innocent people, do we have the moral right to destroy the government by force? Please explain with specific ethical reaso
Please discuss different roles people play in work groups? Please share the role you predominantly played in project or work groups. Make this a very short answer
An electrical contractor's records during the last 5 weeks indicate the number of actual job requests. Predict the number of requests for week 6 using each of the below methods:
explain the role of product characteristics on the logistics decision
Downloading music, radio, and video programs from the Internet is easier than in the past, but some companies are still worried that people will illegally obtain copies of this pro
From "Matching Supply with Demand" - Cachon/Terwiesch Consider the baggage check-in of a small airline. Check in data indicate that from 9am to 10am, 255 passengers checked in.
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
In Haifa Israel its illegal to take what to the beach
Explain your views on the 'international cultural impact' of the current banking crisis and support your answer. If it is your opinion that there is no 'international cultural impa
Through television marketing how do consumers perceive different brands as being the best quality?
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