Annie tells her granddaughter, Mary, that in 1934 you could buy a house for $ 17,000 and a jacket for $ 6 . Mary says that in 2018 such a house costs $ 275,000 and such a jacket costs $ 60 . The CPI in 1934 was 15.2 , and in 2018 , it was 245.4 . Which house has the lower real price? Which jacket has the lower real price? The house with the lower price is the _______, and the jacket with the lower price is the _______. A. $275,000 house in 2018; $6 jacket in 1934 B. $17,000 house in 1934; $60 jacket in 2018 C. $275,000 house in 2018; $60 jacket in 2018 D. $17,000 house in 1934; $6 jacket in 1934
Q: Enumerate 10 WORDS that automatically mean QUALITY. NOTE: Positive Quality, no need to discuss.
A: Quality comprises of two basic things when defined by companies i.e. Quality of design and Quality…
Q: Calculate (a) MAD and (b) MSE for the following forecast versus actual sales figures:…
A: ABSOLUTE ERROR = |ACTUAL-FORECAST| MAD = AVERAGE(ABSOLUTE ERROR) MSE = AVERAGE(ERROR^2)
Q: please read carefully, the answer is not $540 & "by how many WEEKS, should each activity be crashed…
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: W = jars of Western Foods Salsa M = jars of Mexico City Salsa leads to the formulation (units for…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: What is the project Triangle, its importance, and how does the components relate to each other for a…
A: A project can never just consist of a single component, constraint, or factor. It always has three…
Q: A project to build a new bridge seems to be going very well since the project is well ahead of…
A: Planned Value (PV) = Estimated value of the work planned to be done Estimated Value (EV) = Estimated…
Q: Give four ideas that you can recall about demonstration of non verbal communication, listening…
A: Introduction: Professional or otherwise, there is no part of life where effective communication…
Q: Roger Ginde is developing a program in supply chain management certification for managers. Ginde has…
A: A resource-utilization approach called the Critical path method (CPM) is used to schedule a group of…
Q: Which one is a typical social/economic benefit for transport infrastructure development plans?…
A: The transport infrastructure comprises ports, airports, road and rail networks, depots, pipeline…
Q: use of a BPMN Model diagram for us to understand the explained answer further
A: It is first stated that the consumer puts an order and is asked to choose something. The consumer…
Q: The Westchester Chamber of Commerce periodically sponsors public service seminars and programs.…
A:
Q: Quality Air Conditioning manufactures three home air conditioners: an economy model, a standard…
A: The computer solution given in the question is obtained after solving the Linear programming problem…
Q: If the tracking signal for your forecast was consistently positive, you could then say this about…
A: Tracking signal, as the name suggests, is a way to evaluate the forecast in comparison to actual…
Q: two different manufacturing processes are being considered for making a new product. the first…
A: Fixed cost = 50,000 Variable cost = 700 For process 1 equation is Let assume number of unit = x…
Q: Read the case about the resource-based view in sports and write the conclusion of this case in your…
A: Competitive advantage can be stated as the agreeable place or position a company seeks in order to…
Q: You manage a production line that operates using a monthly production cycle. There are five…
A: Line capacity = 500 hrs. Product 1 Product 2 Product 3 Product 4 Product 5 Monthly Demand…
Q: Q4) Ten samples of size four were taken from a process, and their weights measured. The sample…
A: Given Sample Data:
Q: Calculating outcomes as equally likely would BEST describe: O a Maximax criterion O b. Laplace…
A: As per Bartleby guidelines, we can only solve one question at a time...Kindly upload the other…
Q: discuss the role of intermodal transportation in the case above
A: The level of traffic at the Port of Walvis Bay & along its transportation corridors has…
Q: A catering company prepared and served 350 meals at an anniversary celebration last week using 10…
A: Given: The catering company prepared and served items on the anniversary =350 meals Labour…
Q: Zaki, a developer, has a plot of 20-acre land near Klang town. He is considering whether to build a…
A: Problem: The problem is to identify the optimal decision among the decision of…
Q: 10. Describe each of these systems: craft production, mass production, and lean production. II. Why…
A: Explanation of each of the system: 1) Craft Production: Craft production means manufacturing of…
Q: What benefits come from doing a security risk assessment?
A: A security risk assessment can be stated as the approach that is used to recognize, evaluates, and…
Q: Operations or operations management is not only about creating tangible goods in the business…
A: Production management is described as the method through which various activities in a business…
Q: In a blouse factory, there is an inventory holding cost of $ 1.50 per piece per day, a late sale…
A: Find the Given details below: Given Details: Mean (Average Demand) 600 Garments Standard…
Q: List the tool of quality in operation management
A: Operation management is performed in each manufacturing organization. It all deals with the…
Q: Why, if you were the project manager, would you utilize collaborative software?
A: Collaborative software can be stated as the software that is generally designed to increment the…
Q: What advantages can project management collaboration tools offer?
A: Online collaboration generally refers to the software programs or tools that help businesses and…
Q: How many work cycles should be timed to estimate the average cycle time to within 2 percent of the…
A: Given, Percentage of estimated sample mean to be taken p = 2% Confidence interval = 98% z at 98%…
Q: A mortgage service office has the following four activities involved in approving a loan…
A: Capacity indicating the maximum possible production unit based on the 1005 usage in a specific…
Q: GENERATE THE DECISION VARIABLE SOLUTION AND GENERATE A SENSITIVITY REPORT CASE 1. Julia's Food Booth…
A: Linear programming is a mathematical technique that is commonly used in operations management…
Q: A U.S company has two manufacturing plants, one in the United State and one in another country. Both…
A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…
Q: Harlen Industries Limited has a simple forecasting model whose forecast demand has been plotted…
A: In this question, we have the table data for an 8 periods duration, for each period, we have actual…
Q: GENERATE THE DECISION VARIABLE SOLUTION AND GENERATE AN ANSWER REPORT 3. The Wisham family lives on…
A: Given data is Selling price($) Baking time Packaging time Unshelled pecans in ounces Pies 5…
Q: Let us consider each of these differences. 1. Often, by its nature, service involves a much higher…
A: Customer interaction is the process by which companies tend to interact with the end customers to…
Q: What is one thing you know about Operations Management and one thing you would like to learn
A: Operation management often called OM is nothing but the field of the business that is generally…
Q: Why are convenience samples not desirable? Give ONE example of where a convenience sample may not be…
A: Convenience samples describe a non-probability-based sampling technique. It is a technique for…
Q: QUESTION 2 a) Assess and discuss major expenses related to run to fail maintenance. In your opinion,…
A: Effective Maintenance:- According to Effective Maintenance, lowering equipment costs across the…
Q: 2.1 Determine the EOQ of an item for spares inventory replenishment, where: a) The cost per unit is…
A: Annual demand(D) = 250 Cost per unit(Cu) = 1500 Carrying/ Shipment cost(S) = 750 Holding cost =…
Q: Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last…
A: 2 month moving average is a forecasting model which considering forecast as the average value of…
Q: Describe the 4 domains of human resources. Which domain is most significant, and why
A: Human resources can be stated as the group of individuals who make up the employees of the company,…
Q: What is the coefficient?
A: Forecasting is a technique used to predict future outcomes on the basis of past data. In business…
Q: You are at Disney World and wait 45 minutes to ride the roller coaster at Space Mountain. Guests…
A: Given: Waiting time = 45 minutesTotal ride time = 3 minutes
Q: A ski resort has recorded its recent sales as follows (in $$). Season 2 years ago Last year…
A: Seasonal average = sum total of a season of all years / number of years Grand average = Average of…
Q: Question - What action would you advise the president to take to “achieve some degree of excellence…
A: Simply put, the culture was too strong. Miserably, projects were failing. Some failures were…
Q: The forecast for Monday was derived by observing Monday's demand level and setting Monday's…
A: Forecasting can be done by various methods like moving averages, exponential smoothing, weighted…
Q: Tuesday Wednesday Thursday Friday Using this table above, solve for Mean Absolute Percent Error…
A: The general formula to calculate MAD is: MAD = total |actual-forecast| / total number of periods
Q: ENUMERATE 10 POSITIVE RESULTS YOU CAN EXPECT IF INVENTORY WILL BE PROPERLY OR EFFECTIVELY MANAGED.…
A: Inventory management refers to planning and controlling the goods in an optimal manner such that the…
Q: Mark has just been fired as the college bookstore manager for setting prices too low (only 20…
A: Given data is Profit by small if the demand is good = P50,000 Loss by small if the demand is low =…
Q: Describe how to conduct a customer and team post-project review.
A: Post- project reviews:- Post-project reviews are an important part of the overall project management…
Step by step
Solved in 4 steps
- In Example 11.1, the possible profits vary from negative to positive for each of the 10 possible bids examined. a. For each of these, use @RISKs RISKTARGET function to find the probability that Millers profit is positive. Do you believe these results should have any bearing on Millers choice of bid? b. Use @RISKs RISKPERCENTILE function to find the 10th percentile for each of these bids. Can you explain why the percentiles have the values you obtain?In the financial world, there are many types of complex instruments called derivatives that derive their value from the value of an underlying asset. Consider the following simple derivative. A stocks current price is 80 per share. You purchase a derivative whose value to you becomes known a month from now. Specifically, let P be the price of the stock in a month. If P is between 75 and 85, the derivative is worth nothing to you. If P is less than 75, the derivative results in a loss of 100(75-P) dollars to you. (The factor of 100 is because many derivatives involve 100 shares.) If P is greater than 85, the derivative results in a gain of 100(P-85) dollars to you. Assume that the distribution of the change in the stock price from now to a month from now is normally distributed with mean 1 and standard deviation 8. Let EMV be the expected gain/loss from this derivative. It is a weighted average of all the possible losses and gains, weighted by their likelihoods. (Of course, any loss should be expressed as a negative number. For example, a loss of 1500 should be expressed as -1500.) Unfortunately, this is a difficult probability calculation, but EMV can be estimated by an @RISK simulation. Perform this simulation with at least 1000 iterations. What is your best estimate of EMV?Suppose you currently have a portfolio of three stocks, A, B, and C. You own 500 shares of A, 300 of B, and 1000 of C. The current share prices are 42.76, 81.33, and, 58.22, respectively. You plan to hold this portfolio for at least a year. During the coming year, economists have predicted that the national economy will be awful, stable, or great with probabilities 0.2, 0.5, and 0.3. Given the state of the economy, the returns (one-year percentage changes) of the three stocks are independent and normally distributed. However, the means and standard deviations of these returns depend on the state of the economy, as indicated in the file P11_23.xlsx. a. Use @RISK to simulate the value of the portfolio and the portfolio return in the next year. How likely is it that you will have a negative return? How likely is it that you will have a return of at least 25%? b. Suppose you had a crystal ball where you could predict the state of the economy with certainty. The stock returns would still be uncertain, but you would know whether your means and standard deviations come from row 6, 7, or 8 of the P11_23.xlsx file. If you learn, with certainty, that the economy is going to be great in the next year, run the appropriate simulation to answer the same questions as in part a. Repeat this if you learn that the economy is going to be awful. How do these results compare with those in part a?
- A European put option allows an investor to sell a share of stock at the exercise price on the exercise data. For example, if the exercise price is 48, and the stock price is 45 on the exercise date, the investor can sell the stock for 48 and then immediately buy it back (that is, cover his position) for 45, making 3 profit. But if the stock price on the exercise date is greater than the exercise price, the option is worthless at that date. So for a put, the investor is hoping that the price of the stock decreases. Using the same parameters as in Example 11.7, find a fair price for a European put option. (Note: As discussed in the text, an actual put option is usually for 100 shares.)Suppose you are borrowing 25,000 and making monthly payments with 1% interest. Show that the monthly payments should equal 556.11. The key relationships are that for any month t (Ending month t balance) = (Ending month t 1 balance) ((Monthly payment) (Month t interest)) (Month t interest) = (Beginning month t balance) (Monthly interest rate) Of course, the ending month 60 balance must equal 0.#17FAVORABLE UNFAVORABLEMARKET MARKETEQUIPMENT ( $) ($)Sub 100 300,000 –200,000Oiler J 250,000 –100,000Texan 75,000 –18,000For example, if Ken purchases a Sub 100 and ifthere is a favorable market, he will realize a profitof $300,000. On the other hand, if the market is unfavorable, Ken will suffer a loss of $200,000. ButKen has always been a very optimistic decisionmaker.(a) What type of decision is Ken facing?(b) What decision criterion should he use?(c) What alternative is best? #18Although Ken Brown (discussed in Problem 3-17) is the principal owner of Brown Oil, his brother Bob iscredited with making the company a financial success. Bob is vice president of finance. Bob attributeshis success to his pessimistic attitude about business and the oil industry. Given the information fromProblem 3-17, it is likely that Bob will arrive at a different decision. What decision criterion should Bobuse, and what alternative…
- Suppose that Pizza King and Noble Greek stopadvertising but must determine the price they will chargefor each pizza sold. Pizza King believes that Noble Greek’sprice is a random variable D having the following massfunction: P(D $6) .25, P(D $8) .50, P(D $10) .25. If Pizza King charges a price p1 and NobleGreek charges a price p2, Pizza King will sell 10025( p2 p1) pizzas. It costs Pizza King $4 to make a pizza.Pizza King is considering charging $5, $6, $7, $8, or $9 fora pizza. Use each decision criterion of this section todetermine the price that Pizza King should charge.Discuss the Thaler wine problem with your group, and summarize the discussion and any conclusions in a few sentences here. “Suppose you bought a case of a good 1982 Bordeaux for $20 a bottle. The wine now sells at auction for about $75 a bottle. You have decided to drink a bottle. Which of the following best captures your feeling of the cost to you of drinking this bottle?” (Thaler, 1999) $0 $20 $20 plus interest $75 -$55 (negative $55 cost) Or something else?Suppose that you want to invest $10,000 in the stock market by buying shares in one of two companies: A and B. Shares in company A though risky, could yield a 50% return on investment during the next year. If the stock market if conditions are not favorable (bear market) the stock may lose 20% of it value. Company B provides safe investments with 15% return in a bull market and only 5% in a bear market Ali the applications you have consulted are predicting a 60% chance for a bull market and 40% for a bear market. Where you invest your money? Construct a decision tree.
- Please show the steps by using the formula for each Salalah Methanol company management is considering three competing investment Projects Option1: Starting a unit in Sohar, Option 2: Starting a unit in Musandam and Option 3: Starting a unit in Muscat. The initialinvestment for all the projects are 11000 and the cost of capital is 4.05% Year Sohar Musandam Muscat 1 1100 2160 3225 2 3100 3260 4250 3 3800 4360 5475 4 4600 5460 6300 5 5100 6900 7000 Use the information below and help the management in choosing the most desirable Project using a. Payback period b. Discounted payback c. Net Present value d. Profitability Index. You have to suggest to the management which project to choose and why4. (Arbitrage) A supplier is selling hammers in two cities, Pleasantville and Happy Valley. It costs him$5.00 per hammer delivered in each city. Let p1 be the price of hammers in Pleasantville and p2 be theprice of hammers in Happy Valley. The price-response curves in each city are:Pleasantville: d1(p1) = 10,000 - 800p1Happy Valley: d2(p2) = 8,000 - 500p2a.) Assuming the supplier can charge any prices he likes, what prices should he charge forhammers in Pleasantville and Happy Valley to maximize total contribution? What are thecorresponding demands and total contributions?b.) An enterprising arbitrageur discovers a way to transport hammers from Pleasantville toHappy Valley for $0.50 each. He begins buying hammers in Pleasantville and shipping themto Happy Valley to sell. Assuming the supplier does not change his prices from those givenin part a, what will be the optimal price for the arbitrageur to sell hammers in Happy Valley?How many will he sell? What will his total contribution be?…A company manufactures two products. If it charges price pi for product i, it can sell qi units of product i,where q1 = 60−3p1 +p2 and q2 = 80−2p2 +p1. It costs $5 to produce a unit of product 1 and $12 to produce a unit of product 2. How many units of each product should the company produce, and what prices should it charge, to maximize its profit?