Ritz​ Products's materials​ manager, Tej​ Dhakar, must determine whether to make or buy a new semiconductor for the wrist TV that the firm is about to produce. One million units are expected to be produced over the life cycle. If the product is​ made, start-up and production costs of the make decision total ​$3 ​million, with a probability of 0.4 that the product will be satisfactory and a 0.6 probability that it will not. If the product is not​ satisfactory, the firm will have to reevaluate the decision. If the decision is​ reevaluated, the choice will be whether to spend another ​$3 million to redesign the semiconductor or to purchase. Likelihood of success the second time that the make decision is made is 0.8. If the second make decision also​ fails, the firm must purchase. Regardless of when the purchase takes​ place, Dhakar's best judgment of cost is that Ritz will pay ​$0.40 for each purchased semiconductor plus ​$2 million in vendor development cost. Part 2 ​a) Assuming that Ritz must have the semiconductor​ (stopping or doing without is not a viable​ option), what is the best​ decision? The firm should................ he semiconductors because this decision has an expected cost of ​$enter your response here. ​(Enter your response as an integer​.)   b) What criteria did you use to make this​ decision? Note that we determined the expected monetary value for each decision in part​ (a). In this​ case, expected monetary value is represented by (expected revenue/  expected cost/ expected profit) . . To make the decision in part​ (a), we found the (minimum/ maximum) of these v alues.   c) What is the worst that can happen to Ritz as a result of this particular​ decision? What is the best that can​ happen? The worst that can happen is that the firm spends ​$enter your response here. The best that can happens is that the firm only spends $enter your response here. (Enter your responses as integers​.)

Expansion or new features may result. Provide instances to distinguish the two ideas. How can you explain these two issues? What if these two unfavourable outcomes happened simultaneously, making this endeavour the worst-case scenario?

MacDonald Products, Inc., of Clarkson, New York, has the option of (a) proceeding immediately with production of a new top-of-the-line stereo TV that has just completed prototype testing or (b) having the value analysis team complete a study. If Tyrone Martin, VP for operations, proceeds with the existing prototype (option a), the firm can expect sales to be 120,000 units at $570 each, with a probability of 0.34 and a 0.66 probability of 70,000 at $570. If, however, he uses the value analysis team (option b), the firm expects s 90,000 units at $710, with a probability of 0.74 and a 0.26 probability of 60,000 units at $710. Value engineering, at a cost of $90,000, is only used in option b. Which option has the highest expected monetary value (EMV)? The EMV for option a is $ and the EMV for option b is $. Therefore, option has the highest expected monetary value. (Enter your responses as integers.)

How do I do this? Down Creek Boots (DCB) is a boot manufacturer (fictitious) that focuses on making high-quality leather work boots, with prices ranging from $200-$350. After being successful in this market for over 30 years and developing a positive brand reputation and loyal customers, DCB has decided to broaden their line to include leather hiking boots. While these share some characteristics with work boots, the design will be slightly different and different soles will be used. They are fairly confident annual demand will be between 30,000 and 40,000 pairs in the first year, and expect a 10% growth rate in sales for the next few following years. However, in their plant in Minnesota, DCB currently has little excessive capacity. Thus, to make the new boots, DCB will either need to expand their plant, or outsource production to another boot maker. If they outsource production of the boots, they will outsource production to a firm that has the manufacturing capability to produce them…

Ritz​ Products's materials​ manager, Tej​ Dhakar, must determine whether to make or buy a new semiconductor for the wrist TV that the firm is about to produce. Three million units are expected to be produced over the life cycle. If the product is​ made, start-up and production costs of the make decision total ​$1 ​million, with a probability of 0.5 that the product will be satisfactory and a 0.5 probability that it will not. If the product is not​ satisfactory, the firm will have to reevaluate the decision. If the decision is​ reevaluated, the choice will be whether to spend another ​$1 million to redesign the semiconductor or to purchase. Likelihood of success the second time that the make decision is made is 0.8. If the second make decision also​ fails, the firm must purchase. Regardless of when the purchase takes​ place, Dhakar's best judgment of cost is that Ritz will pay ​$0.40 for each purchased semiconductor plus ​$2 million in vendor development cost.   ​a) Assuming that Ritz…

Answer the following:   Use the What-if Scenario Manager feature to show the individual and total costs if the number of hours required by the test personnel were 20% lower or 20% higher than the vendor estimate. Use the Goal Seek feature to determine the number of hours each tester should use if you wanted to be exactly on-budget.

Identify the situation in each number if it is bottom up  theory of top down theory  6. every time gloria can see a group of people wearing black or white inside the church she thinks that there is a dead person inside church 7.  at the parking area is is easy for most people to find certain car because they have a concept in our minds of what is the model or color of car and where it was parked. 8. Aaron recognise his classmates perfume and can immediately guess the brand because his ex girlfriend use it before. 9. Bong noticed that the men sitting across the street was lonely because of the expression on his face

Main Street Cinema invited three firms to bid on its daily janitorial services contract, and then scored those bids (also known as 'tenders') based on quality, reliability/risk and price (using a 100 point scale in each case). The results are listed here: Tender Offer from... Quality Score Reliability/ Risk Price Score Score Dawson Commercial 80 80 90 Cleaning Services Fulton Maintenance 90 70 100 and Facilities Service SteadyBrite Contract 85 85 85 Cleaning Assume that quality and price are equally important to Main Street Cinema. However, the issue of reliability/risk is twice as important to Main Street Cinema then either quality or price. Which janitorial service supplier does linear averaging suggest? O A. Dawson Commercial Cleaning Services and Dawson Commercial Cleaning Services O B. Dawson Commercial Cleaning Services C. Dawson Commercial Cleaning Services O D. SteadyBrite Contract Cleaning E. Fulton Maintenance and Facilities Service and SteadyBrite Contract Cleaning

What are the dimensions of scale in relation to the study of cost analysis? Describe each and give an example to clarify your answer.

A farmer in mufulira, copper belt province of Zambia would like to introduce a new product .it has estimated that the cost of purchasing, delivery and installation the new machine required to manufacture the product is k160, 000.the expected life span of the product is six years. The first revenues 200,000 second 240,000 and 220,000, Revenues estimates are k205,000 in each of the remaining three years. The incremental variable of producing the product are estimated to be 54% of the revenues. The marginal tax rate of the farm is 40% of the revenues. The machine purchased will have a salvage value of k35,000 and the farm is expecting to recoup k10,000 of its working capital at the end of six years. The farm has fixed cost of k30,000.a. Calculate the IRR at a discount rate of your choice.