Refer to the tables below Management has 3 options for lot sizing in their procurement strategy Based on the eventual market demands, the profits are given in the table PAYOFF TABLE Low Demand Small Lot Medium Lot Large Lot Relateive Frequencies High Demand 100 300 550 P1 Moderate Demand 100 150 75 P2 Determine the expected value (CMV) if the Medium Lot size is selected The historical relative trequencies associated with the market demands is given as 1-035 80 -50 -450 PJ 02-03 ssume that the 2 market demands in the table represent ALL possibile outcomes, Round your answer to one decimal place, if applicable
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- Answer the following question with (True) if the statement is correct and with(False) if the statement is wrong 1. Project is a temporary endeavor undertaken to create a unique product only ( __ )Justify:2. Time, budget, resources and customer specifications are the project limitations( __ )Justify:3. Adding working shifts to a late project will help crashing the project towards thedeadline( __ )Justify:4. Finish-to-start (FS) is a logical relationship in which a predecessor activity cannot startuntil a successor activity has finished. ( __ )Justify:5. The project customer/user not considered as a project stakeholder. ( __ )Justify:Problem 1. During your first month as an employee at Greenfield Industries (a large drill-bitmanufacturer), you are asked to evaluate alternatives for producing a newly designed drill bit on aturning machine. Your boss’ memorandum to you has practically no information about what thealternatives are and what criteria should be used. The same task was posed to a previous employeewho could not finish the analysis, but she has given you the following information: An old turningmachine valued at $350,000 exists (in the warehouse) that can be modified for the new drill bit.The in-house technicians have given an estimate of $40,000 to modify this machine, and they assureyou that they will have the machine ready before the projected start date (although they havenever done any modifications of this type). It is hoped that the old turning machine will be able tomeet production requirements at full capacity. An outside company, McDonald Inc., made themachine seven years ago and can easily do the…In the post lockdown scenario it is expected that with economic activity slowing down,impacting buying power of consumers, demand will shift towards smaller cars or low price carsand first time buyers. MarutiUdhyog Ltd.(MUL) is faced with a dilemma. If it retains its presentlevel of profit margin, it will continue to lose its market share and if it cuts down the price toretain the demand for its car and its market share it loses the profit volume. What in youropinion should be the objective of MUL.
- Assume that a product sells for $100 per ton and thatPittsburgh is the basing-point city for calculating transportation charges. Shipping from Pittsburgh to a potentialcustomer in Cincinnati costs $10 per ton. The actual shipping costs of suppliers in three other cities are $8 per tonfor Supplier A, $11 per ton for Supplier B, and $10 per tonfor Supplier C. Using this information, answer the followingquestions:a. What delivered price would a salesperson for Supplier Aquote to the Cincinnati customer?b. What delivered price would a salesperson for Supplier Bquote to the Cincinnati customer?c. What delivered price would a salesperson for Supplier Cquote to the Cincinnati customer?d. How much would each supplier net (after subtractingactual shipping costs) per ton on the sale?The Almost-Graduating Senior Problem. Consider this situationfaced by a first-semester senior in civil engineering who is exhaustedfrom extensive job interviewing and penniless from excessivepartying. Mary’s impulse is to accept immediately a highly attractivejob offer to work in her brother ’s successful manufacturing company.She would then be able to relax for a year or two, save some money,and then return to college to complete her senior year and graduate.Mary is cautious about this impulsive desire, because it may lead tono college degree at al a. Develop at least two formulations for Mary’s problem.b. Identify feasible solutions for each problem formulation in Part (a).Be creative!A town is endowed with an oil reserve. The total stock of oil from the reserve is 110 barrels. The townmust sell all 110 barrels within two time periods, so the quantity extracted will be q1 + q2 = 110, whereq1, for example, is the quantity extracted in period 1. The price per barrel that the town can sell theoil for is pt= 150 −10/11 qt in each period. There is a constant cost of extraction c = 50, such that theresource rent earned by each barrel in each period is πt= pt−c. If the interest rate is 20%, how muchoil will the town extract in period 1 and in period 2 (what should q1 and q2 be) if it wanted to extractefficiently (i.e. maximize profits)?
- A firm plans to expand its product line and faces a dilemma whether to build a small or largefacility to produce new products. If it builds a small facility and demand is low, the NPV afterdeducting for building costs will be four hundred thousand pesos. If demand is high, the firm caneither maintain the small facility or expand it. Expansion would have an NPV of four hundredfifty pesos while maintaining the small facility would have an NPV of fifty thousand pesos. If alarge facility is built and demand is high, the estimated NPV would be eight hundred thousandpesos. If demand turns out to be low, the NPV would be a loss of ten thousand. The probabilitythat the demand is high is estimated to be sixty percent.a. Analyze using a decision tree.b. Compute for EVPI.c. Determine the range over which each alternative would be best in terms of the valuewhen demand is low.A global equity manager is assigned to select stocks from a universe of large stocks throughout the world. The manager will be evaluated by comparing her returns to the return on the MSCI World Market Portfolio, but she is free to hold stocks from various countries in whatever proportions she finds desirable. Results for a given month are contained in the following table: Country Weight InMSCI Index Manager’sWeight Manager’s Returnin Country Return of Stock Indexfor That Country U.K. 0.29 0.24 22% 15% Japan 0.42 0.2 17 17 U.S. 0.23 0.22 10 13 Germany 0.06 0.34 7 15 Required: a. Calculate the total value added of all the manager’s decisions this period. (Do not round intermediate calculations. Round your answer to 2 decimal places. Negative amount should be indicated by a minus sign.) b. Calculate the value added (or subtracted) by her country allocation decisions. (Do not round intermediate calculations. Round your answer to 2 decimal places. Negative amount…5) Factoring in the market price of oil (as a random event, depicted by a circle) to determine revenues. Planners might use a continuous random variable, like a normal distribution with a known mean and standard deviation. They also might use a limited set of discrete values to approximate a continuous random variable. For this example, we'll assume that, for the expected distribution of oil prices, the planners would select an extraction option giving an expected payoff of $120M. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- Critics of command-and-control policy often argue that regulationsare costly to business and industry, yet cost-benefitanalyses (p. 94) repeatedly show that regulations bring citizensmore benefits than costs, overall. Each year the U.S. Officeof Management and Budget assesses costs and benefits ofmajor federal regulations of administrative agencies. Resultsfrom the most recent report, covering the decade from 2003to 2013, are presented in the table (shown are averages fromranges of estimates). Subtract costs from benefits, and enterthese values for each agency in the third column. Divide benefitsby costs, and enter these values in the fourth column. For how many of the agencies shown do regulations exertmore costs than benefits? For how many do regulationsprovide more benefits than costs?Critics of command-and-control policy often argue that regulationsare costly to business and industry, yet cost-benefitanalyses (p. 94) repeatedly show that regulations bring citizensmore benefits than costs, overall. Each year the U.S. Officeof Management and Budget assesses costs and benefits ofmajor federal regulations of administrative agencies. Resultsfrom the most recent report, covering the decade from 2003to 2013, are presented in the table (shown are averages fromranges of estimates). Subtract costs from benefits, and enterthese values for each agency in the third column. Divide benefitsby costs, and enter these values in the fourth column. What percentage of total benefits from regulations comesfrom EPA regulations? Most of the benefits and costs fromEPA regulations are from air pollution rules resulting fromthe Clean Air Act and its amendments. Judging solely bythese data, would you say that Clean Air Act legislationhas been a success or a failure for U.S. citizens? Why?Critics of command-and-control policy often argue that regulationsare costly to business and industry, yet cost-benefitanalyses (p. 94) repeatedly show that regulations bring citizensmore benefits than costs, overall. Each year the U.S. Officeof Management and Budget assesses costs and benefits ofmajor federal regulations of administrative agencies. Resultsfrom the most recent report, covering the decade from 2003to 2013, are presented in the table (shown are averages fromranges of estimates). Subtract costs from benefits, and enterthese values for each agency in the third column. Divide benefitsby costs, and enter these values in the fourth column. Which agency’s regulations have the greatest excess ofbenefits over costs? Which agency’s regulations have thegreatest ratio of benefits to costs?