Find expected value for the add assembly line option, Operation Management

Assignment Help:

Howard Weiss, Inc., is considering building a sensitive new airport scanning device. His managers believe that there is a probability of 0.40 that the ATR Co. will come out with a competitive product. It Weiss adds an assembly line for the product and ATR Co. does not follow with a competitive product, Weiss's expected profit is $40,000; if Weiss adds an assembly line and ATR follows suit, Weiss still expects $15,000 profit. If Weiss adds a new plant addition and ATR does not produce a competitive product, Weiss expects a profit of $600,000; if ATR does not compete for this market and Weiss expects a loss of $80,000.

a) Expected value for the Add Assembly Line option = $________


Related Discussions:- Find expected value for the add assembly line option

Explain ethical principle each violates, Identify three potential unethical...

Identify three potential unethical actions or inactions related to decision analysis and the ethical principle each violates?

Find the slope as well the intercept of the trend equation, Demand for a su...

Demand for a surgical procedure at St. Elsewhere Hospital has increased steadily over the past few years: Year 1 2 3 4 5 Heart Transplants 45 50 52 56 61 Use the

Discuss what responsibility businesses towards environment, Environment Ple...

Environment Please respond to the following: •From the video, take a position on the ethical aspects of the logging industry on the local economies and the environment in the North

Compute the composite rating-weighted average, A location analysis for Temp...

A location analysis for Temponi Controls, a small manufacturer of parts for high-technology cable systems, has been narrowed down to four locations. Temponi will need to train asse

Define conflict within a project team, What are the consequences of ignorin...

What are the consequences of ignoring a conflict within a project team?

Explain enterprisewide analytical capabilities, Knowledge: List the reasons...

Knowledge: List the reasons a business would need consistently updated enterprisewide analytical capabilities

Introduction to the operations function, Introduction to the Operations Fun...

Introduction to the Operations Function Firstly, consider the economy where gross domestic product (GDP) has been subdivided into its major divisions which are agriculture, ma

Explain estimating the mean height of a sample of seedlings, A biologist re...

A biologist reports a confidence interval of (2.0,2.4) when estimating the mean height (in centimetres) of a sample of seedlings. What is the estimated margin of error and the samp

Describe is it important to stress quality in a logistic sys, Is it importa...

Is it important to stress quality in a logistic system?

Discuss the internal factors as means of improving business, 1.Read the fol...

1.Read the following case:  'Mr Soft n Cool Gelato' is an Ice Cream business owned by Alfredo and Guido Corleone. Since they started the business 18 years ago the firm has expan

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd