C207 Task 2 A Peyton

Please answer a, b and c. Question four Bakery Products is considering the introduction of a new line of products. In order to produce the new line, the bakery is considering either a major or minor renovation of the current plant. Bakery Products has the option of not developing the new line at all. The decision alternatives are shown in the payoff table below as well as the states of nature and probabilities. Payoffs are profits;    Before making the final decision, Bakery Products can pay a market research firm $500.00 to survey consumer attitudes towards the company's products. The results can be either “vibrant” or “limp”. The reliability of the company, based on past performance, is given below.    That is: P(V|F) = 0.80;P(V|N) = 0.60;P(V|U) = 0.30; P(L|F) = 0.20;P(L|N) = 0.40;P(L|U) = 0.70;    a) Computed the revised probabilities round to two decimal places. b) After you have computed the revised probabilities round to two decimal places, construct the appropriate decision tree…

Please please answer all subparts. I will really upvote. I know it's not according to your guidelines.

© Let us apply what you have learned in the Below is a picture showing 10 hazards, identify at least 5 hazards and explain why they are hazards.

Recommendations on different levels of the strategic planning process (Corporate Level, Business Level, Functional Level)  of Sydney Harbour Marriott Hotel??

Good Practice Example - Sourcing Process at Federal Express FedEx Corporation is a $20 billion market leader in transportation, information, and logistics solutions, providing strategic direction to six main operating companies. These are FedEx Express, FedEx Ground, FedEx Freight, FedEx Custom Critical, FedEx Trade Networks, and FedEx Services. Prior to the purchase of the Ground, Freight, and other non-express-based services, Federal Express had reorganized all of its major indirect spend in information technology, aircraft, facilities/business services, vehicles/fuel/ground service equipment, and supply chain logistics groups under the Strategic Sourcing and Supply group, led by Edith Kelly-Green. After the purchase of these different businesses, the supply management function was reorganized into a Center-led supply chain management (SCM) sourcing model. (“Center” refers to a Center of Excellence that focuses on centralizing sourcing strategy teams.) Over the last two years, FedEx…

Construct decision table

Given is a decision payoff table and a Sub Decision Payoff Table. Use Minimax Regret as an evaluation criterion to evaluate alternatives.     Future Demand   Alternatives Low Moderate High Small Facility 31 18 15 Medium Facility 20 35 21 Large Facility -10 31 35   Alternatives Worst Regrets Small Facility ? Medium Facility ? Large Facility ?  a) The worst regrets for alternative Small Facility is ( ) b) The worst regrets for alternative Medium Facility is ( )  c) The worst regrets for alternative Large Facility is ( ) d) The best course of action or decision by using Minimax Regret is to select (          ) facility

Given is a decision payoff table and a Sub Decision Payoff Table. Use Minimax Regret as an evaluation criterion to evaluate alternatives. Alternatives Low Future Demand Moderate High Small Facility 52 42 43 Medium Facility 50 49 49 Large Facility -15 38 Alternatives Small Facility Medium Facility Large Facility Worst Regrets ? ? ? a) The worst regrets for alternative Small Facility is Blank 1 b) The worst regrets for alternative Medium Facility is Blank 2 c) The worst regrets for alternative Large Facility is Blank 3 d) The best course of action or decision by using Minimax Regret is to select Blank 4 facility 51

ANSWER THE FOLLOWING: 1. Statement of the problem 2. Causes of the problem 3. Decision criteria and alternative solutions 3. Recommended solution, implementations, and justifications   Case study: The Kundiman Communications Corporation (KCC) is a local company with more than 2,000persons in its payroll. The company’s top management is composed of the President, VP for Marketing, VP for Operations, and the VP for Administration. A member of the staff, Engineer Lorenzo de Guzman, an electronics engineering graduate, has just received an order from his immediate superior, the VP for Operations, to head the newly built telecommunications facility in Antipolo, Rizal. So far, he is the only company personnel identified with the new facility. He was given three months to make the facility operational. Engineer de Guzman appraised that for the Antipolo unit to operate, it will require the services of a number of persons skilled in the various activities that will be undertaken. As he has been…

create a risk assessment matrix including a reponse plan for each risk identified.

Explain Sensitivity Analysis, Risk, and Feasibility Analysis?

The lease of Theme Park, Inc., is about to expire. Management must decide whether to renew the lease for another 10 years or to relocate near the site of a proposed motel. The town planning board is currently debating the merits of granting approval to the motel. A consultant has estimated the net present value of Theme Park’s two alternatives under each state of nature as shown on the following page.   What course of action would you recommend using?a. Maximaxb. Maximinc. Laplaced. Minimax regretOptionsMotelApprovedMotelRejectedRenew $ 500,000 $4,000,000Relocate 5,000,000 100,000

Gamers Empire is considering marketing one of two new video games for the coming holiday season: Aliens Kidnapped My Dog or Ninjas vs. Pirates. Aliens Kidnapped My Dog does not appear to have any competition as it is a unique game. Estimated profits (in thousands of dollars) under high, medium and low demand are as follows: Demand Aliens Kidnapped My Dog High Medium Low Profit $1100 $800 $400 Probability 0.3 0.4 0.3 Gamers Empire is optimistic about Ninjas vs. Pirates. However, the concern is that profitability will be affect by their competitor Samurai Games releasing a similar title called Samurai vs. Robots. Estimated profits (in thousands of dollars) with and without competition are as follows: Demand Ninjas vs. Pirates with competition High Medium Low Profit $900 $500 $300 Probability 0.3 0.3 0.4 Ninjas vs. Pirates without competition Profit $1700 $900 $500 Probability 0.5 0.2 0.3 a) Construct a decision tree. b) Calculate the EMVs and state your decision if there is a 75%…

draw the decision tree

Use Excel Spreadsheets to solve

Just BRIEFLY explain b & c   for b: elaborate/explain the criteria used. for c: elaborate why it is labeled "worst" and "best" case scenario

Help A decision maker has prepared the following payoff table. States of Nature Alternative High Low Buy 85 Rent 70 50 Lease 45 55 Prior Probability 0.7 0.3 Using Baye's Decision Rule, what is the best decision and the expected payoff? (Round your answer to 1 decimal place.) Best decision Payoff 4-

Company: ABC Civil Engineering - an engineering firmSituation: ABC company has recently made significant cuts in staff and the workload on existingemployees has increased. A major RFP is dueCharacters: Ted Waltz – Managing Director of ABC EngineeringElaine Tillman – Civil Engineer____________________________Elaine Tillman looked at her watch – it was 7:30 pm. Just then she knew she would not make it to her son’s final high school basketball game. It took her a moment to collect herself and wipe the tear that had started down her face and onto the ragged-edged 100 plus page RFP she was working on. The RFP,the largest opportunity that ABC Civil Engineering had a chance to bid on in 6 months, was far fromready for the 9:00 AM deadline the following day.Normally in this situation, Elaine would have collaborated with a proposal team putting together such a big proposal but, since the economic down turn hit, ABC has had to make significant cuts in its staff. It started with administrative…

Company: ABC Civil Engineering - an engineering firmSituation: ABC company has recently made significant cuts in staff and the workload on existingemployees has increased. A major RFP is dueCharacters: Ted Waltz – Managing Director of ABC EngineeringElaine Tillman – Civil Engineer____________________________Elaine Tillman looked at her watch – it was 7:30 pm. Just then she knew she would not make it to her son’s final high school basketball game. It took her a moment to collect herself and wipe the tear that had started down her face and onto the ragged-edged 100 plus page RFP she was working on. The RFP,the largest opportunity that ABC Civil Engineering had a chance to bid on in 6 months, was far fromready for the 9:00 AM deadline the following day.Normally in this situation, Elaine would have collaborated with a proposal team putting together such a big proposal but, since the economic down turn hit, ABC has had to make significant cuts in its staff. It started with administrative…

Hanson’s first task at Horizon involves determining if the existing information system should be upgraded or remain. Two upgrade options, whether to build the new infrastructure or buy new infrastructure are shown in the decision tree created below by Hanson, with the associated costs and impacts. The cost and impact of staying with the existing infrastructure are also shown below.  What is the EMV for Build the New Infrastructure?

Prob 3: Slattkey Sweets proposes to re-launch one of its mature brands, the Zubirot Bar. The brand manager has identified the tasks involved and produced the following information about them: I Activity H A B C D E F Description Redesign the bar Redesign the packaging Build pilot production line Trial production run Consumer panel tests Main pilot production Design promotional material Test market redesigned product Produce report for the Board Predecessor Activity A, B C D E E F, G H Optimistic estimate of time (weeks) 5 3 10 1 4 2 8 2 Most likely estimate of time (weeks) 8 4 13 1 1 6 4 10 2 Pessimistic estimate of time (weeks) 10 5 a. Construct the PERT/CPM network for this problem. b. What is the expected project completion time? What is the critical path? c. Determine the mean and the standard deviation for the product re-launch. d. Ascertain the probability that the project will be finished in 40 weeks. 16 2 1 9 5 15 3

Mickey Lawson is considering investing some money that he inherited. The following payoff table gives the profit that would be realized during the next year for each of three investments alternatives Mickey is considering:                                                 State of Nature Decision alternatives            Good Economy         Poor Economy Stock market                           80,000                         -20,000 Bonds                                      30,000                         20,000   CDs                                         23,000                         23,000 Probability                               0.5                               0.5 Compute decision would maximize expected profits. Compute the maximum amount that should be paid for a perfect forecast of the economy.

Exhibit 20-2Below is a payoff table involving three states of nature and two decision alternatives. Decision States of Nature Alternative s1 s2   s3 A 80 45 –20 B 40 50   15 P(s1) = .1,  P(s2) = .6, and P(s3) = .3.Refer to Exhibit 20-2. The expected value of the best alternative equals _____.   a. 12     b. 38.5     c. 29     d. 105

Explain the significance of conducting a feasibility study during the planning phase.

I IE 3 4 I E II5 I 3. Your Task For each scenario, discuss the following: - What is the issue (there may be more than 1)? • Who are the parties affected? • List and explain 2 alternatives for handling each situation Discuss 2 pros and 2 cons for each alternative - What is your conclusion? Discuss the best way to handle each situation - use reasoning to justify your decision Situation You have a worker who after repeated warnings still refuses to clean up his work area. He says that is why the company is paying the custodians. His job description clearly states that he is responsible for the cleanliness of his area for safety reasons. You believe that he is undermining your authority.