Assignment No. 11Answer 2 a, b, c ASSIGNMENT NO. 11 (Decision Analysis)2. A manager of a shopping mall is considering three alternativeexpansion projects for his mall: a small motel, a theater, or arestaurant. The construction costs are about the same, but themonthly profits can be affecte3d by future economieconditions in the area. The following table shows the monthlynet operating revenue that could result from each project.ECONOMYCONDITIONSProjectGoodPoorFairMotel$7,000SI8,000S15,000Restaurant5,00010,000Theater13,00020,00010,00011,000Determine the best investment using the following decisioncriteria:a) Maximaxb) Maximine) Minimax Regretd) Hurwicz (a- 0,4) Index of optimisme) Equal likelihood3. Microchip is planning a new facility and considering alocation in the following countries. Depending on theeconomic conditions for the next 3 years, the following costshave been estimnated (SUS million).ЕCONOMICCONDITIONSCountrySameDeclineImproveKorea21.719.315.2China19.018.517.6India19.217.114.9Philippines16,822.513.8Singapore21.225.012.5Which alternative would be selected if:a) The decision maker is an optimist (Minimin)?b) The decision maker is a pessimist (Minimaxy?e) The decision maker has an index of optimism of 0.4?d) The decision maker wants to use the Minimax regretcriterion?

In the below table, we could see the monthly net operating revenue for each project, here, there is…

Answered: Determine the best investment using the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

COMPANY X: 25 page report with references 1. Background: The technology industry, specifically the software development and services sector, has experienced significant growth and innovation over the years. Company X, a leading software development and services company, was founded in 1999 and has established itself as a key player in the industry. The leading competitors in the industry are Company Y and Company Z, each with their own areas of expertise and market position. 2. External Environment Analysis: The external environment, including political, economic, social, technological, legal, and environmental forces, has a significant impact on the software development and services industry. Government regulations, economic conditions, changing consumer preferences, technological advancements, legal frameworks, and environmental concerns all shape the industry's dynamics. The industry can be further analyzed using Porter's Five Forces Model, which considers the threat of new…
Assignment 8b: Exam Question 39 of 50 Professional service providers often use unconditional guarantees because Buyer resistance to purchasing these services is often high L b. Services are highly customized c. These services are typically expensive d All of the above reasonsShow transcribed image text Professional service providers often use unconditional guarantees because: Buyer resistance to purchasing these services is often high Services are highly customized These services are typically expensive All of the above reasons
Assignment Case 1: In the past, the decision criteria for mergers and acquisitions were typically based on considerations such as the strategic fit of the merged organizations, financial criteria, and operational criteria. Mergers and acquisitions were often conducted without much regard for the human resource issues that would be faced when the organizations were joined. As a result, several undesirable effects on the organizations’ human resources commonly occurred. Nonetheless, competitive conditions favor mergers and acquisitions and they remain a frequent occurrence. Examples of mergers among some of the largest companies include the following: Honeywell and Allied Signal, British Petroleum and Amoco, Exxon and Mobil, Lockheed and Martin, Boeing and McDonnell Douglas, SBC and Pacific Telesis, America Online and Time Warner, Burlington Northern and Santa Fe, Union Pacific and Southern Pacific, Daimler-Benz and Chrysler, Ford and Volvo, and Bank of America and Nations Bank. Layoffs…
Assignment Case 1: In the past, the decision criteria for mergers and acquisitions were typically based on considerations such as the strategic fit of the merged organizations, financial criteria, and operational criteria. Mergers and acquisitions were often conducted without much regard for the human resource issues that would be faced when the organizations were joined. As a result, several undesirable effects on the organizations’ human resources commonly occurred. Nonetheless, competitive conditions favor mergers and acquisitions and they remain a frequent occurrence. Examples of mergers among some of the largest companies include the following: Honeywell and Allied Signal, British Petroleum and Amoco, Exxon and Mobil, Lockheed and Martin, Boeing and McDonnell Douglas, SBC and Pacific Telesis, America Online and Time Warner, Burlington Northern and Santa Fe, Union Pacific and Southern Pacific, Daimler-Benz and Chrysler, Ford and Volvo, and Bank of America and Nations Bank. Layoffs…
1. SYSTEMS PLANNINGAnnouncing a New Information SystemThe AJAX Company is considering implementing anew accounting system, which will automate sales processing,cash receipts, accounts payable, and cash disbursementprocedures. Roger Moore, AJAX’s CIOsent an announcement letter to the AJAX community.In the letter, Moore said: “I have contracted withSpartan ConsultingGroup to do the needs analysis, systemselection, and design work. The programming andimplementation will be performed in-house using existingIT department staff. The development process willbe unobtrusive to user departments because Spartanknows what needs to be done. They will work independently,in the background, and will not disruptdepartmental and internal audit work flow with timeconsuming interviews, surveys, and questionnaires.This promises to be an efficient process that will producea system that will be appreciated by all users.” Requireda. Draft a memo from George Jones, director ofinternal audits in response to…
Question 22: Briefly describe a project you worked on that required data gathering, importing, cleaning (i.e. merging other data, creating new variables, etc.), analysis, and output. If you have not had any experience with this please describe a project that might require these steps and how you would go about doing it.
15 18 1 Kurtosis is an indicator used to determine whether a distribution is left-skewed or right-skewed. the flatness or peakedness of a distribution. Owhether a distribution is normal or non-normal. the asymmetry and deviation from a normal distribution. Question 3 Listen Which tool should be used during the Improve stage to identify the impact a project recommendation will have on the organization?
question 1 Avihe just got promoted as a Junior Manager. He has six (6) subordinates under his care. Recently, Avihe received a project from his Senior Manager, Brian, to run a charity programme. Task: By using the most basic principles in management, (e.g., the function of management, etc.), advise Avihe how he can run this charity programme efficiently and effectively. Briefly explain to Avihe the possible managerial roles that he needs to play in the project?
Question Direction: Determine the statement of the problem, solution to the problem and conlusion of the given case. No need too much info. Just include the necessary details. The Lyle Construction Project At 6:00 P.M. on Thursday in late October 1998, Don Jung, an Atlay Company project manager (assigned to the Lyle contract) sat in his office thinking about the comments brought up during a meeting with his immediate superior earlier that afternoon. During that meeting Fred Franks, the supervisor of project managers, criticized Don for not promoting a cooperative attitude between him and the functional managers. Fred Franks had a high-level meeting with the vice presidents in charge of the various functional departments (i.e., engineering, construction, cost control, scheduling, and purchasing) earlier that day. One of these vice presidents, John Mabby (head of the purchasing department) had indicated that his department, according to his latest projections, would overrun…
A sheriff applies for the a reward offered by a bank to anyone who catches a bank robber. If the sheriff apprehends a bank robber will he be able to collect the reward? Question 12 options: A) Probably, if he was off duty at the time he caught the robber, B) If he was on duty at that time...probably not. C) Yes it was an open offer. D) No, the bank's statement was only an invitation to negotiate E) A and B
How would someone who values friendship above all else make different decisions than someone who thinks work is the most important value? Question 10Select one: a. It would depend on the decision though work will most often take priority b. Most people will – and should - value both friendship and work equally. c. The person who values friends would prioritize them when schedule conflicts arose. d. The person who values work will very likely not have any friends or important relationships.
Memo To: Ervin Holder From: Grace Lathrop (Customer relations) Date: 9/14/23 RE: Warranty coverage Hello Mr. Holder, my name is Grace in customer relations. I have a customer who is upset because their air conditioner broke. Looking into the database, I discovered a problem with the updating of the software. Customers that have a warranty are not showing in the database as being active. I have chosen to cover the warranty because of your policy to honor any warranty bought with the previous owners. I have contacted the customer to inform them that their problem will be taken care of. I have also contacted IT services to correct the issue so that the system updated each account monthly. This will ensure that all accounts that are active stay active and that this issue will not happen again. I am contacting you to inform you of the process that is being taken to ensure this issue gets resolved and make customers feel like family. I look forward to…

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS

Determine the best investment using the following decision criteria: a) Maximax b) Maximin O Minimas Regret