I need help with B. The director of social services of a county has learned that the state has mandated additional information requirements. This will placean additional burden on the agency. The director has identified three acceptable alternatives to handle the increased workload. Onealternative is to reassign present staff members, the second is to hire and train two new workers, and the third is to redesign currentpractice so that workers can readily collect the information with little additional effort. An unknown factor is the caseload for thecoming year when the new data will be collected on a trial basis. The estimated costs for various options and caseloads are shown inthe following table:CASELOADModerate High$80*Very HighReassign staff9095New staff707070Redesign908070collection*Cost in $ thousands.After contemplating the caseload question, the director of social services has decided that reasonable caseload probabilities are 0.30for moderate, 0.50 for high, and 0.20 for very high.a. Which alternative will yield the minimum expected cost?ReassignNew StaffRedesignO O O b. Determine the expected value of perfect information using an opportunity loss table. (Round your answers to the nearest wholenumber. Leave no cells blank - be certain to enter "O" wherever required.)Opportunity loss tableModerate($)High($)Very High($)EOL($)ReassignNew StaffRedesign(0.30)(0.50)(0.20)Expected value of perfect information

The director of social services of a county has learned that the state has mandated additional information requirements. This will place an additional burden on the agency. The director has identified three acceptable alternatives to handle the increased workload. One alternative is to reassign present staff members, the second is to hire and train two new workers, and the third is to redesign current practice so that workers can readily collect the information with little additional effort. An unknown factor is the caseload for the coming year when the new data will be collected on a trial basis. The estimated costs for various options and caseloads are shown in the following table: CASELOAD Moderate High $80* 70 Very High Reassign staff 90 95 New staff 70 70 Redesign collection 90 80 70 *Cost in $ thousands. After contemplating the caseload question, the director of social services has decided that reasonable caseload probabilities are 0.30 for moderate, 0.50 for high, and 0.20 for very high. a. Which alternative will yield the minimum expected cost? O Reassign New Staff O O Redesign

The director of social services of a county has learned that the state has mandated additional information requirements. This will place an additional burden on the agency. The director has identified three acceptable alternatives to handle the increased workload. One alternative is to reassign present staff members, the second is to hire and train two new workers, and the third is to redesign current practice so that workers can readily collect the information with little additional effort. An unknown factor is the caseload for the coming year when the new data will be collected on a trial basis. The estimated costs for various options and caseloads are shown in the following table: CASELOAD Moderate High $80* 70 Very High Reassign staff 90 95 New staff 70 70 Redesign collection 90 80 70 *Cost in $ thousands. After contemplating the caseload question, the director of social services has decided that reasonable caseload probabilities are 0.30 for moderate, 0.50 for high, and 0.20 for very high. a. Which alternative will yield the minimum expected cost? O Reassign New Staff O O Redesign

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter4: Linear Programming Models

Section4.8: Data Envelopment Analysis (dea)

Problem 42P

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The director of social services of a county has learned that the state has mandated additional information requirements. This will place an additional burden on the agency. The director has identified three acceptable alternatives to handle the increased workload. One alternative is to reassign present staff members, the second is to hire and train two new workers, and the third is to redesign current practice so that workers can readily collect the information with little additional effort. An unknown factor is the caseload for the coming year when the new data will be collected on a trial basis. The estimated costs for various options and caseloads are shown in the following table: CASELOAD Moderate High Very High Reassign staff $ 80 * 90 95 New staff 70 70 70 Redesign collection 90 80 70 *Cost in $ thousands. After contemplating the caseload question, the director of social services has decided that reasonable caseload probabilities are 0.30 for…
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