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Availability indicating the proportion between system running time and downtime. It identifying the availability using the standard equation using MTBF and MTTR. The highest number indicating option will be the greatest available item. The calculation will be like given below.
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- QUESTION THREE A company has prepared a design for a new product which it can either sale for K100 000 or develop into a marketable product at a cost of K150 000. The chances of success if the product is developed are 0.7. If this attempt fails the design can only be sold at K20 000. If the attempt succeeds the business has the choice of either selling the design and developed product for K180 000 or marketing the product. If the product is marketed then there is a 0.6 probability that the product will generate a cash inflow of K800 000 and a 0.4 probability that it will generate a cash outflow of (K100 000). Both figures exclude items previously mentioned. Draw a decision tree and advise management as to their best course of action. Assume that the cost of capital is 10 % and it took one year to develop the designs and a further year before the contribution was received, what would be the position now? Supposing there is a small change in the estimated probabilities of…Question number 1 : Read the following case study and answer the underlined question.The retail giant Walmart is trying to compel its suppliers to “go green” as part of its efforts to build a more environmentally sustainable global supply chain. As it did with promoting EDI and RFIDs in the early stages of those technologies, Walmart is leading the curve with its sustainability efforts. On an occasion, Walmart’s CEO, Lee Scott, told a large gathering in China, “A company that cheats on overtime and on the age of its labor, that dumps its scraps and chemicals into our rivers, that does not pay its taxes or honor its contracts—will ultimately cheat on the quality of its products. And cheating on the quality of products is the same as cheating on customers. We will not tolerate that at Walmart.” As part of this initiative, Walmart will survey its 100,000 global suppliers and ultimately create a “sustainability product index,” which will allow the company to evaluate suppliers on their…Q1. With the concern of going green, organizations are concerned of making their organizations sustainable. Explain meaning of sustainability and the three pillars of sustainability with an example of a company working on sustainability.
- QUESTION 4 The Nitro Fertilizer Company is developing a new fertilizer. If Nitro markets the product and it is successful, the company will earn a $50,000 profit; if it is unsuccessful, the company will lose$35,000. In the past, similar products have been successful 60% of the time. At a cost of $5,000,3 the effectiveness of the new fertilizer can be tested. If the test result is favorable and Nitro markets the product, there is an 80% chance that the fertilizer will be successful. If the test result is unfavorable and Nitro markets the product, there is only a 30% chance that the fertilizer will be successful. There is a 60% chance of a favorable test result and a 40% chance of an unfavorable test result. Use a decision tree to determine how to maximize this company’s expected profit. (Draw the decision tree for this problem; determine Nitro’s optimal strategy, and the expected profit.)Question#1: You might already know a lot about Leadership in Energy and Environmental Design (LEED), established in the US, for rating green building systems. As we mentioned in the earlier, there are several other rating tools or systems. List the ones you find including LEED and briefly describe each one (e.g., what is it? What are the major aspects or components included for rating? What are the rating levels?). A total of 4 – 5 rating tools/systems are good. I have received the Question #1 answer. Please answer the following Question use the Question #1 Answer: Question #2: Following Question #1, among all of the aspects/factors considered in the rating systems for green buildings, list the top TWO aspects/factors that you are most interested in and explain why.QUESTION ONE(a) Mr. Sak is interested in developing and marketing a new drug. The cost of extensiveresearch to develop the drug would be 100,000. The manager of research programme saidthat there is 60% chance that the drug will be developed successfully. The market potentialis assessed as follows with present value of profit:Market conditions Probability Present value of profits.Large market potential 0.1 500,000Moderate market potential 0.6 220,000Low market potential 0.3 80,000The present value figures do not include the cost of research. While Mr. Sakala wasconsidering this proposal, another similar proposal came up which also required theinvestment of 100,000. The present value of profit for the second proposal was 120,000.The return on the investment in the second proposal is almost certain.i. Draw a decision tree for Mr. Sak indicating all choices and eventsii. What decision Mr. Sak should take regarding the investment of 100,000?iii. If Mr. Sak is a risk averter, should he…
- q16) Which of the following accurately states how the "Net Promoter Score" is calculated? Group of answer choices a)All scores of 6-10 are assumed to be promoters. All scores of 0-4 are detractors. NPS = % promoters — % Detractors b)All scores of 8-10 are promoters; 3 to 7 are moderates, and 0-2 are detractors.NPS = 2*Promoters+0.5*moderates-detractors c)All scores of 9 or 10 are promoters, all scores from 0 to 6 are detractors, and scores of 7-8 are ignored. Then, NPS is calculated as:NPS = % promoters — % Detractors q17) Which of the following are typical actions a company might take to increase post-purchase satisfaction. Group of answer choices a)Plan your advertising to have it help re-assure purchasers of your product that they made a good choice. b)Release new versions regularly with improved features and give those who own your product easy ways to upgrade to the new versions. c)Customer service is expensive. So don't offer any way for those who use or purchase your product to…Question 6 Flu Shot Dosage A hospital in a developing nation is forced to manually put the flu shot vaccine into syringes. The recommended dosage for the flu shot is 0.5mL. The local health authorities define all syringes that have less than 0.45ml or more than 0.55mL as defective. In a sample of 100 syringes, the hospital’s quality control officer finds the average dosage to be 0.5mL. The standard deviation of the dosage is 0.02 mL and the distribution of the dosages resembles a normal distribution reasonably closely. What percentage of the manually filled syringes will be outside the specification limits provided by the local health authorities? (Please answer in decimal form.)QUESTION A The Miramar Company is going to introduce one of three new products: a widget, a hummer, or a nimnot. The market conditions (favorable, stable, or unfavorable) will determine the profit or loss the company realizes, as shown in the following payoff table: State of Nature Favourable Stable Unfavourable Product 0.2 0.7 0.1 Widget $ 120,000 $ 70,000 $ –30,000 Hummer 60,000 40,000 20,000 Nimnot 35,000 30,000 30,000 Determine the best decision, using the following decision criteria Maximax Maximin LaPlace
- QUESTION A The Miramar Company is going to introduce one of three new products: a widget, a hummer, or a nimnot. The market conditions (favorable, stable, or unfavorable) will determine the profit or loss the company realizes, as shown in the following payoff table: State of Nature Favourable Stable Unfavourable Product 0.2 0.7 0.1 Widget $ 120,000 $ 70,000 $ –30,000 Hummer 60,000 40,000 20,000 Nimnot 35,000 30,000 30,000 Compute the expected value for each decision and select the best one. Develop the opportunity loss table and compute the expected opportunity loss for each product.QUESTION A The Miramar Company is going to introduce one of three new products: a widget, a hummer, or a nimnot. The market conditions (favorable, stable, or unfavorable) will determine the profit or loss the company realizes, as shown in the following payoff table: State of Nature Favourable Stable Unfavourable Product 0.2 0.7 0.1 Widget $ 120,000 $ 70,000 $ –30,000 Hummer 60,000 40,000 20,000 Nimnot 35,000 30,000 30,000 Compute the expected value for each decision and select the best one.QUESTION A The Miramar Company is going to introduce one of three new products: a widget, a hummer, or a nimnot. The market conditions (favorable, stable, or unfavorable) will determine the profit or loss the company realizes, as shown in the following payoff table: State of Nature Favourable Stable Unfavourable Product 0.2 0.7 0.1 Widget $ 120,000 $ 70,000 $ –30,000 Hummer 60,000 40,000 20,000 Nimnot 35,000 30,000 30,000 Compute the expected value for each decision and select the best one. B.Develop the opportunity loss table and compute the expected opportunity loss for each product.