List three to five local challenges presented by GCC. Estimate the risk (likelihood and potential severity) of each challenge on a scale of 1 (lowest) to 5 (highest). at Ponce, Puerto Rico
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List three to five local challenges presented by GCC. Estimate the risk (likelihood and potential severity) of each challenge on a scale of 1 (lowest) to 5 (highest). at Ponce, Puerto Rico
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- The Customs Inspection agency at international airports has developed a traveler profiling system (TPS) to detect passengers who are trying to bring more liquor into the country than is allowed by present regulations. Long-term studies indicate that 20% of the passengers are carrying more liquor than is allowed. Tests on the new TPS scheme has shown that of those carrying illegal amounts of liquor, 80% will be identified and subject to complete luggage search. In addition 20% of those not carrying illegal amounts of liquor will also be identified by TPS and subject to a complete luggage search.If a passenger is identified by TPS, what is the probability that the passenger is carrying an illegal amount of liquor? Comment on the value of this system.Assume that you are the team leader of strategic planning and advisory board of M/S XYZ company. The company has decided to enter the market with a new electronic product. Your team conducted a marker research and presented the following two strategies along with the necessary data. Delete Strategy A: Build a large plant with an estimated cost of 20,00,000 Rials. This alternative can face two states of nature on market conditions: High demand with a probability of 0.70, or a low demand with a probability of 0.30. If the demand is high, the company can expect to receive an annual revenue of 5,00,000 Rials for 7 years. If the demand were low the annual revenue would be only 1,00,000 Rials. Strategy B: Build a small plant with an estimated cost of 10,00,000 Rials. This alternative also faces two states of nature: High demand with a probability of 0.70, or a low demand with a probability of 0.30,lf the demand is high the company can expect to receive an annual revenue of 3,00,000 per annum…True or False: Heteroskedasticity biases our estimates
- A new product has the following profit projections and associated probabilities: Profit Probability $150,000 0.10 $100,000 0.25 $ 50,000 0.20 $0 0.15 -$ 50,000 0.20 -$100,000 0.10 Use the expected value approach to decide whether to market the new product. Because of the high dollar values involved, especially the possibility of a $100,000 loss, the marketing vice president has expressed some concern about the use of the expected value approach. As a consequence, if a utility analysis is performed, what is the appropriate lottery? Assume that the following indifference probabilities are assigned. Do the utilities reflect the behavior of a risk taker or a risk avoider? Profit Indifference Probability $100,000 0.95 $ 50,000 0.70 $0 0.50 -$ 50,000 0.25In reconciling the indications of value given by each of the three approaches the appraiser should generally Group of answer choices Add the three value estimates Select any one of the three estimates Take a simple average Take a weighted averageWhen there are at least two values for a parameter and it is not possible to estimate the chance that each may occur, this situation is known as: (a) Uncertain (b) Risk (c) Deterministic (d) Cost estimating
- given the Iso-risk contour , how many accidents per year are expected at point B ? Note that the risk value at point A is 12 deaths/year ."As the health of the financial sector is tied to the wider economy, it is crucial that the banking industry doubles down on driving a strong economic recovery while supporting business continuity, especially in jumpstarting businesses when the economy reopens." (i) Based on the statement above, identify FIVE (5) strategies that can be conducted by banking industry to meet the expectation.All of the following are examples of unethical behavior, except: (a) Deception (b) Withholding information (c) Lying (d) Offering engineering services at a lower cost than a competitor
- Your production line has recently been producing a serious defect. One of two possible processes, A and B, could be the culprit. From past experience you know that the probability that A is causing the problem is 0.8 but investigating A costs $100,000 while investigating B costs only $20,000. What are the expected error costs of shutting down process B first? Group of answer choices $80,000. $20,000. $16,000. $4,000. None of the above.In the case of a business with more than one product, a. it cannot use CVP analysis as such would be possible only if there is a single product. b. it can earn a higher-than-expected profit even if the total units sold was less than expectation. c. each of the products must use a separate CVP analysis. d. it can use CVP analysis only if the contribution margin percentages on each product are the same.Pat James, the purchasing agent for a local plant of the Oakden Electronics Division, was considering the possible purchase of a component from a new supplier. The component’s purchase price, $0.90, compared favorably with the standard price of $1.10. Given the quantity that would be purchased, Pat knew that the favorable price variance would help to offset an unfavorable variance for another component. By offsetting the unfavorable variance, his overall performance report would be impressive and good enough to help him qualify for the annual bonus. More importantly, a good performance rating this year would help him to secure a position at division headquarters at a significant salary increase. Purchase of the part, however, presented Pat with a dilemma. Consistent with his past behavior, Pat made inquiries regarding the reliability of the new supplier and the part’s quality. Reports were basically negative. The supplier had a reputation for making the first two or three deliveries on…