The following are the environmental costs of Happy Co. in 2023. Compensation costs for residents affected by Rp1.000.000.000 contamination Environmental audit fees 100.000.000 Costs of designing environmentally friendly production 50.000.000 processes Production waste disposal costs Cost of obtaining ISO 14001 certification Cost of cleaning up a contaminated lake Cost of detecting process contamination Cost of operating equipment to control contamination 500.000.000 200.000.000 2.000.000.000 175.000.000 200.000.000 Required: Provide comments on Happy Co's environmental cost management. Please carry out a comprehensive analysis.
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- Sibanye Stillwater Ltd. said it might cut more than 2,000 jobs at some gold mining operations in South Africa that are struggling to make a profit. The Johannesburg-based precious metals producer will enter into consultations with labour groups and other stakeholders on the proposed restructuring, which could affect 1,959 employees and 465 contractors at its Beatrix 4 shaft and Kloof 1 plant. The operations aren’t profitable as they are running out of commercially viable ore, and they face rising costs and lower output levels, Sibanye said in a statement. “To allow shafts and operating plants that are no longer sustainable to continue operating at a loss will threaten the remaining life of mine of the other South African gold operations,” said Richard Stewart, Sibanye’s chief regional officer for Southern Africa. Sibanye, the largest employer in South Africa’s mining sector, was hit by a workers’ strike over wages for almost three months earlier this year. The…During the year, Brownout Company experienced the following power outages:Number of Power Outages Per Month Number of Months 0 3 1 2 2 4 3 3 12Each power outage results in out of pocket costs of P400. For P500 per month, the company can lease an auxiliary generator to provide power during outages. If the company leases an auxiliarygenerator next year, the estimated savings (or…No need generalized answer ok need Correct Solution. PM.348.WC1 Project Risk Management Pls. answer this ;( INSTRUCTIONS Create a “starter” risk register using EXCEL for the two projects (A and BB described below. Include at least 6 risks for project A and at least 8 risks for project B. Project A Description Building a garden shed. This includes the design of the shed, sourcing all the materials required for construction, and putting all of the various pieces together to get the finished shed. Outcome A finished garden shed. Proposed Tasks There are going to be certain tasks that depend on others. You’re going to need to: • Get a set of blueprints for the shed and clear and prepare the area for construction • Source all of the materials for the construction • Prepare the foundation and start constructing the beams of the floor • Lay the floorboards • Construct the frames of the walls and raise and fit each of them • Frame the roof and attach the roofing • Fit in all the siding for…
- This pandemic, Abheedette learned to bake while on home quarantine. She also realized that she will be able to make P60.00 profit per tray of banana muffins and P120.00 profit per tray of blueberry muffins. She needs 2 cups of milk and 3 cups of flour to bake a tray of banana muffins. And, baking a tray of blueberry muffins takes 4 cups of milk and 3 cups of flour. She has 16 cups of milk and 15 cups of flour. How many trays of each flavor must be baked to maximize the profit? a. Define the variable used: b. LP Model: c. Identify the feasible region: d. Corner Points and the objective functions: Corner Points Value of the objective function e. Optimal SolutionA firm that plans to expand its product line must decide whether to build a small or a large facilityto produce the new products. If it builds a small facility and demand is low, the net present valueafter deducting for building costs will be $400,000. If demand is high, the firm can either maintainthe small facility or expand it. Expansion would have a net present value of $450,000, and maintaining the small facility would have a net present value of $50,000.If a large facility is built and demand is high, the estimated net present value is $800,000. If demandturns out to be low, the net present value will be – $10,000.The probability that demand will be high is estimated to be .60, and the probability of low demandis estimated to be .40.a. Analyze using a tree diagram.A firm that plans to expand its product line must decide whether to build a small or a large facilityto produce the new products. If it builds a small facility and demand is low, the net present valueafter deducting for building costs will be $400,000. If demand is high, the firm can either maintainthe small facility or expand it. Expansion would have a net present value of $450,000, and maintaining the small facility would have a net present value of $50,000.If a large facility is built and demand is high, the estimated net present value is $800,000. If demandturns out to be low, the net present value will be – $10,000.The probability that demand will be high is estimated to be .60, and the probability of low demandis estimated to be .40. 1- Compute the EVPI 2- Determine the range over which each alternative would be best in terms of the value of P ( low demand )
- Suppose that you are planning to build a house in the country. It will be a brick, one-story structure of approximately 2,000 square feet, centrally heated and cooled. It will have three bedrooms, two bathrooms, a family room, a dining room, a kitchen with a breakfast nook, a study, a utility room, an entry foyer, a two-car garage, a covered patio, and a fireplace. Appliances will operate on electricity and propane fuel. You have received approval and can be connected to the coopera- tive water system at any time. Public sewerage services are not available; therefore, you must rely on a septic system. You want to know how long it will take to build the house. Assignment 1. In a group, identify the major activities involved in the project and sequence them in the proper order. 2. Estimate the time required for each activity. 3. Present your list of activities to the class and ask for comments and suggestions.A start-up company, Macrotech, plans to produce a device to translate Morse codeto a written message on a home computer and to send written messages in Morsecode over the airwaves. The device is primarily of interest to ham radio enthusiasts. The president, Ron Lodel, estimates that it would require a $30,000 initialinvestment. Each unit costs him $20 to produce and each sells for $85.a. How many units must be sold in order for the firm to recover its initialinvestment?b. What is the total revenue at the break-even volume?c. If the price were increased to $100 each, find the break-even volume.A food company is considering three different salad dressings to introduce nationally, Dressing A, B, and C. They also have the option to not introduce any dressing this year. The profits from dressings A, B, and C are $1,144,712, $1,515,938, and $2,525,542 respectively if the national market is favorable. However, if the national market is unfavorable, the losses are $555,615, $758,875, and $912,435 respectively. Historical data shows a probability of 0.568 for a favorable national market. The company can test the market for salad dressings in selected geographic areas before introducing them nationally. The cost of the test market is $53,331. In the past, the probability of a negative test market was 0.354. Given a positive test market, a favorable national market was actually observed with a probability of 0.745. Given a negative test market, a favorable national market was actually observed with a probability of 0.304. Determine if the company should test the market before…
- Private Insurance provides coverages that can be used to meet specific loss situations. For each of the following insurance situation, identify a private insurance coverage that would provide the desired protection and explain your recommendation; A. John, 32, single parent with 1 dependent child. He recently purchased a house worth PhP 5 million, where half of this amount is mortgaged loan (PagIBIG). He wants to be certain that he would be able to pay his loan in case of disability. B. Rey, 36, married with 3 dependents. His wife is a disabled person and is unable to work. As the sole breadwinner, he wants to be sure that his family would have funds in case of his premature death. C. Marian, 44, owns a trading shop. The premises are rented. The total amount value of goods in her shop amounts to PhP 7 million. She has no savings. She wants to be certain she will be able to run her business if her shop catches fire and other loss. D. Dominic, 15, a talented motor racer. However, his…Maximus Steel plans to introduce one of three new products code-named: Wren, Hawk, and Nightingale. The marketing department indicated that the success of any product depends on the market conditions (Favorable, Neutral, or Unfavorable). The profit the company will earn also depends on the market conditions. The table below shows the probability estimated for each market condition and the profits Maximus Steel will realize within those conditions: Product Code Market Conditions Favorable P = 0.2 Neutral P = 0.7 Unfavorable P = 0.1 Wren $120,000 $70,000 ($30,000) Hawk $60,000 $40,000 $20,000 Nightingale $35,000 $30,000 $30,000 Maximus Steel is considering hiring a market research firm to do a survey to determine future market conditions. The results of the survey will indicate either positive or negative market conditions. There is a 0.60 probability of a positive report, given favorable conditions; a 0.30 probability of a positive…Maximus Steel plans to introduce one of three new products code-named: Wren, Hawk, and Nightingale. The marketing department indicated that the success of any product depends on the market conditions (Favorable, Neutral, or Unfavorable). The profit the company will earn also depends on the market conditions. The table below shows the probability estimated for each market condition and the profits Maximus Steel will realize within those conditions: Product Code Market Conditions Favorable P = 0.2 Neutral P = 0.7 Unfavorable P = 0.1 Wren $120,000 $70,000 ($30,000) Hawk $60,000 $40,000 $20,000 Nightingale $35,000 $30,000 $30,000 Part 1 Instructions: Develop the opportunity loss table and compute the expected opportunity loss for each product.
