Question Completion Status: Consider the following payoff Table Decision Alternative D1 The State of Nature 0.79 1-0.79- 51 52 5 8 D₂ 4 D3 14 4 What is the payoff value for the D2 under S2 should be to keep the optimal solution always optimal?(Do not writ the sign > or <) (Round your answer to 2 decimal places) 8
Q: Explain flexible manufacturing system (FMS).
A: Every organization has a unique set of products, which means that each one requires a different…
Q: You are the Procurement Manager of the Caribbean Maritime University . The Universit equipment to…
A: The procurement manager is a key role in any organization and is responsible for the purchase of…
Q: Compare scheduling decisions of a PPV (Covid Vaccination Center) to a manufacturing industry by…
A: A PPV (Covid vaccination centre) could implement the scheduling decisions for the manufacturing…
Q: If you are managing a large project, would you prefer Gantt charts or PERT/CPM charts to represent…
A: Two typical project management visualization tools are PERT and Gantt charts. Both of these diagrams…
Q: Based on the given information, what should be the safety stock of YOZECH Enterprise? What is the…
A: The reorder point is the level reached at which the order is placed to replenish the inventory…
Q: A company wants to hire 4 vendors for the sale of 4 products, they could only sell one type of…
A: Find the Given details below: Given details: Seller Product 1 2 3 4 1 14 5 8 7 2 2 12 6 5…
Q: Minimum project completion time = weeks
A: A project schedule network diagram shows the sequence of the task that is performed to complete a…
Q: The following tables show the relevant information for the distribution of products from the plants…
A: Draw a transportation network for the given problem as shown below:
Q: Discuss the difference between procurement and purchasing. Explain and discuss deeply
A: Purchasing and procurement are the terms that are mostly used interchangeably. Many organizations…
Q: Discuss how techniques described in Chapter 7 "Work Design and Measurement" could be used to improve…
A: Work design and measurement is a critical part of any business, but it is especially important for a…
Q: Ethics and morality are synonymous, and both refers to customary behavior. A) True B) False
A: Customary can be stated as the approach of doing something according to the approved or confirmed…
Q: what the standards require Explain the purpose of Quality area 5 and identify each of the related…
A: National Quality Standard Childcare services for children under the age of five in Australia are…
Q: In your own words (not less than 150 words) describe the fundamentals of lodging operation
A: When you operate lodging, there are seven fundamental principles to follow. These fundamentals will…
Q: How impactful were late shipments on customer questi
A: according to the provided information
Q: A machine part to be machined may be made either from an alloy of aluminum or steel. There is an…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: Intelligent Services, your employer, prides itself on hiring minorities. One candidate fully fits…
A: The language barrier in any organization limits efficiency and also puts a dent in the company's…
Q: What is the longest route to be taken on the given graph? a. C-F-B-A-E-D-C b. A-E-D-B-C-F-A c.…
A: Add the values of each path of every route. Choosing the longest will give us the longest route for…
Q: Name the variables that management must consider to locate production facilities.
A: Plant location is the most common way of deciding a geographic site for a company's tasks. Directors…
Q: a. Formulate the problem as a transportation model. b. Determine an economical distribution plan. c.…
A: The transportation model is used to calculate the minimum cost of the route by selecting different…
Q: transportation experts
A: Freight theft strategies are developing From food and refreshments to very good quality gadgets,…
Q: spectively. Ass
A: Given Daily quantities= 70,140,280,35 Workday min=480 LT=0
Q: the manpower requirement for each activity in a construction project is given in the attached table.…
A: Given data is
Q: Briefly explain how the performance measurement framework supports the concept of TQM?
A: Performance measurement is a basic building block of the TQM & total quality management.…
Q: The local driver's license center processes applications for driver's license renewals through the…
A: Given data: Step 1 = Receptionist Process time = 3 minutes per customer No. of resources = 1 Step 2…
Q: A manufacturer of circuit boards sells 6,300 units per year. On average, the manufacturer has 1,700…
A: From the given data, this manufacturer sells 6300 units per year, and on average, the manufacturer…
Q: Why is it preferable to use ranges of likelihood and consequences when doing risk assessments rather…
A: Risk assessments are necessary to avoid and prevent the negative impacts on a process or the whole…
Q: 7. The following questions refer to a capital budgeting problem with six projects represented by 0-1…
A: Given: Here, Six projects are represented by 0-1 variables, X1= Project 1X2 = Project 2X3 =…
Q: Amber Pvt Ltd sells 240,000 stools per year. Based on the company's policy, a safety stock of 4…
A: Inventory management is done to maintain enough stocks so as to avoid wastage.
Q: Wheat is harvested at farms F1 and F2 before being shipped to the two grain elevators G1, G2 and G3;…
A: Given data is
Q: Activity Immediate predecessor(S) Normal Time Normal Cost($) Crash Time (Weeks) A none 10 16000 8 B…
A: Note: - Since we can answer only up to three subparts we will answer the first three subparts(1, 2,…
Q: Problem 6-16 (Algo) The desired daily output for an assembly line is 540 units. This assembly line…
A: Given data is Desired output = 540 units Operating time = 630 minutes
Q: What is the essence of having a checklist in terms of Enterprise Risk Management premises?
A: Enterprise risk management is used by an organization to manage risks. Managing risks includes…
Q: )explain the challenges in carrying out procurement plan
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: (a) (b) Formulate a mathematical model to maximize Mama Rita's monthly profit. Solve the…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: please answer all parts of the question within 30 minutes with detailed explanation. Make sure the…
A: Breakeven point is that level of sales at which there is no profit no loss. In other words at…
Q: iscuss the concepts of resources, capabilities and core competencies
A: These all are important terms in business strategy and management and are often used…
Q: Describe the Project Benefit Realization process.
A: Benefits realization management (BRM) is a program that helps in measuring the added value of the…
Q: Annual demand 8,400 units Unit price (`) 2.4 Ordering cost (`) 4.0 Storage cost (`) 2% Interest rate…
A: Economic order quantity is the quantity of a product that is ordered from a supplier at one time. It…
Q: a. What is the order quantity following the EOQ model? b. Considering the quantity discount, would…
A: An economic order quantity is a type of production planning used to minimize the total cost of…
Q: and profit maximizati
A: No
Q: Why managers are concerned with timing when scheduling production?
A: Time is money. This opinion is not just a cliché. The timely production of goods and services is…
Q: A popular clothing Pull & Bear makes sweater for young people. The average demand for blue sweater…
A: Given data: Weekly Demand d = 100 Weekly capacity p = 400 Set-up cost S = $351 Cost per sweater c=…
Q: d an open-door policy was a good option. He announced that his own door was open to all employees…
A: 1. What techniques increased Mukherjee’s communication effectiveness? Mr. Abhishek Mukherji trusted…
Q: Construct an organizational chart for an international company with divisions in Europe, South…
A: An organization chart, at times known as an "org chart," is undoubtedly a graphic that shows a…
Q: Consider both the benefits of using a Work Breakdown Structure as well as the drawbacks associated…
A: In the project management of the planning process group, we would construct the work breakdown…
Q: Our team has been tasked with planting 600 trees ( 100 trees per day ) on the plot of land behind…
A: Here, we have a project where, we have been tasked with planting 600 trees and we would plant 100…
Q: Follow up for part d)
A: Given data is Objective function: Min Z=8X+12Y Subject to constraints: 1.) 1X+3Y≥92.) 2X+2Y≥103.)…
Q: The ______ step is not part of the selection process. A) job offer B) developing a pool of…
A: The selection procedure can be distinct as the procedure of selection & choosing of the accurate…
Q: TO DO: Prepare a check sheet to analyze the data below from customer complaints, then prepare a list…
A: The check sheet is a quality analysis tool where the data is analyzed using the defects/errors and…
Q: Discuss the components involved in planning the production process.
A: Every business needs to produce its product or service to be successful, and that requires planning…
Step by step
Solved in 2 steps
- 54|David is looking to purchase an old church building. He hires an appraiser to help determine the market value of the property. Why would the appraiser most likely value the property using the cost approach? O A church is a specialty building that will most likely not have any comparable properties. It is also not an income producing property, so the best method would be the cost approach. O The income capitalization approach should be used rather than the cost approach. O A church building will have at least three comparable properties to use to help determine the market value. O The church building will most likely have income, which when a capitalization rate is applied will help determine the market valueAssume that the payoff table provides cost rather than profit payoffs. What isthe recommended decision using:i. the optimistic approachii. the conservative approachiii. the minimax regret approachiv. the Laplace methodA. A company wants to produce a souvenir with a marketing life of six months. Uncertainty surrounds the likely sales volume as well as the fixed costs of the venture as shown below: Sales units Probability Contrn. /unit Probability Fixed cost K7 K5 100 000 0.3 80 000 0.6 60 000 0.1 1.0 0.5 0.5 1.0 Determine the expected value of the contribution K400 000 K450 000 K500 000 Probability 0.2 0.5 0.3 1.0
- true or false 7. The expected utility implies that the decision maker regards this option as being equivalent to a lottery offering a same chance of the best/best outcome (and a complementary probability of the worst/worst outcome)Which is the correct answer for the question below. Some popular reality television programs follow people who buy the contents of abandoned storage lockers at public auctions. In most cases, several storage lockers are sold in sequence during a particular auction. Occasionally, one of the buyers will purposefully bid much more than the expected value of a particular storage locker in order to intimidate the other bidders. What is a plausible explanation for these excessive bids? A. The excessive bids may be rational if they occur during the last auction of the day. B. The bidder is trying to establish a first-mover advantage, but only if they occur during the first auction of the day. C. The buyer is trying to establish a reputation that may affect the outcome of later auctions. D. The excessive bids represent a form of tacit collusion among the buyers.Previous Problem Problem List Next Problem (1 point) Using diaries for many weeks, a study on the lifestyles of visually impaired students was conducted. The students kept track of many lifestyle variables including how many hours of sleep obtained on a typical day. Researchers found that visually impaired students averaged 9.2 hours of sleep, with a standard deviation of 2.24 hours. Assume that the number of hours of sleep for these visually impaired students is normally distributed. (a) What is the probability that a visually impaired student gets less than 6.4 hours of sleep? answer: (b) What is the probability that a visually impaired student gets between 6.2 and 8.84 hours of sleep? answer: (c) Thirty percent of students get less than how many hours of sleep on a typical day? answer: hours Note: You can earn partial credit on this problem. Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining.
- 6) Nicole has decided to go to school which costs her a total of P19,500 and give upi on a job that paid her P24,900 for the year. But instead, she can hope to earn P29,900 after she graduates. Nicole's opportunity cost amount to?a. P19,500 b. P24,900c. P29,900d. P5,000 7. Villanueva Enterprises reported the ff. information. What is the cost of goods manufactured in February?I. Jan. 2017 -job accumulated cost of P3,000ii. Feb. 2017 -the following costs were added to production: Job 1-P10,000 Job 2-P8,000Job 3-P7,000 III. Feb. 2017 Job 1 was completed and sold for P18,000 Job 2 was completed but not sold Job 3 remains in production b. P8,000c. P10,000 d. P13,000e. P21,000 8. Julie borrowed a certain amount from Diane on June 2016. Two years later, Julle i again borrowed P5,000. Julie decided to pay P1,000 on June 2019 and dischargei her balance by paying P7,500 on June 2021. What was the amount borrowed oni June 2016 if the interest rate is 8% compounded annually?a. P1,389.50 b.…Option 2: Raise prices by 50%. If this occurs, there is a 75% chance that an Entrepreneur will set up in competition this year. The board’s estimate of its annual profit in this situation would be as follows: 2A: With new competitor 2B: Without new competitor Probability Profit (Sh.) Probability Profit (Sh.) 0.25 150,000 0.5 200,000 0.5 120,000 0.3 150,000 0.25 80,000 0.2 100,000 Option 3: Expand the car park quickly at a cost of Sh. 50,000 keeping prices theSame. The profits are then estimated to be like 2B above, except that the probabilities would be 0.6, 0.3 and 0.1 respectively. Required: Draw a decision tree for the above problem, including all the relevant data. Using expected values analyze the decision tree and recommend the best option to the owners of the car park.- Consider demand: x(p₁) = 400 — 2p1 At a market price of p₁ = $125 per unit: • Determine the social loss due to moral hazard when assuming: 1. Full insurance compared to uninsured 2. A co-payment of $50 compared to uninsured 3. A 75% coinsurance rate compared to uninsured
- Which of the following types of mortgage loans is presumed to feature points or fees not excending 3%, a maximum term not to exceed 30 years, and no risky features (such as negative amortization, interest-only, or balloon loans)? A) A qualified mortgage B) A conventional mortgage C) A non-qualified mortgage D) A home equity line of credit (HELOC) mortgagea.) in table 1, the transportation cost is?b.) in the evaluation of occupied cells in table 1, the value of W2 is?c.) in yhe evaluation of vacant/unoccupied cells in table 1, the highest negative index is?d.) in table 2, the tiles manufactured by PlantB will be supplied to distributor?e.) the transportation cost in table 2 is?f.) in the evaluation of occupied cells in table 2, the value of V2 is?g.) in the evaluation of occupied cells in table 2, the value of W3 is?h.) in the evaluation of unoccupied/vacant cells in table 2, the highest negative index is?i.) the optimal solution is found in table? **Note: find for the tables**a.) in table 1, the transportation cost is? b.) in the evaluation of occupied cells in table 1, the value of W2 is? c.) in yhe evaluation of vacant/unoccupied cells in table 1, the highest negative index is? d.) in table 2, the tiles manufactured by PlantB will be supplied to distributor? e.) the transportation cost in table 2 is? f.) in the evaluation of occupied cells in table 2, the value of V2 is? g.) in the evaluation of occupied cells in table 2, the value of W3 is? h.) in the evaluation of unoccupied/vacant cells in table 2, the highest negative index is? i.) the optimal solution is found in table? **Note: find for the tables**