Zaki, a developer, has a plot of 20-acre land near Klang town. He is considering whether to build a row of single storey terrace houses or bungalow houses. He also has the option of not to proceed with the project. Given a favourable market, he estimate that he will earn a profit of RM60,000 if he builds single storey terrace houses and RM800,000 if he builds bungalow houses. However, with an unfavourable market condition, he estimates that he will lose RM100,000 with the single storey houses and RM400,000 with the bungalow houses. The probability of favourable market is 0.7. 1. Identify the problem 2. what is the objective to use 3. what is the problem and the method to use

Zaki, a developer, has a plot of 20-acre land near Klang town. He is considering whether to build a row of single storey terrace houses or bungalow houses. He also has the option of not to proceed with the project. Given a favourable market, he estimate that he will earn a profit of RM60,000 if he builds single storey terrace houses and RM800,000 if he builds bungalow houses. However, with an unfavourable market condition, he estimates that he will lose RM100,000 with the single storey houses and RM400,000 with the bungalow houses. The probability of favourable market is 0.7. 1. Identify the problem 2. what is the objective to use 3. what is the problem and the method to use

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 5.2SB

See similar textbooks

Similar questions

Q8. In his current job, Smith can work as many hours per day as he chooses, and he will be paid €1/hr for the first 8 hours he works, €2.50/hr for each hour over 8. Faced with this payment schedule, Smith chooses to work 12 hr/day. If Smith is offered a new job that pays €1.50/hr for as many hours as he chooses to work, will he take it? Explain.
pls answer the 2nd question: The Montemar Company is considering contracting with 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 report, given stable conditions; and 0.10 probability of a positive report; given unfavorable conditions. There is a 0.90 probability of negative report, given unfavorable conditions; a 0.70 probability given stable conditions; and a 0.40 probability, given favorable conditions. d & e, as per the guidelines
pls answer the 2nd question: The Montemar Company is considering contracting with 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 report, given stable conditions; and 0.10 probability of a positive report; given unfavorable conditions. There is a 0.90 probability of negative report, given unfavorable conditions; a 0.70 probability given stable conditions; and a 0.40 probability, given favorable conditions. a b & c, as per the guidelines
Q/Choose a suitable question for each of the following answers. 1-Harry works for an international company in Dallas. * Where Harry is working and in which place? For what company Harry does work and where? For what and where does Harry work ? Does Harry work in an international company in Dallas?
QUESTION TWO A property development company is planning to build a block of student apartments in Lusaka’s Mass Media area. The company is yet to decide what size of block to build: a small, medium, or large. The payoffs of each size will depend on the demand for student accommodation in the area, which could be low, medium, high. The Developer estimates a 25%, 35%, and 40% chance of low, medium, and high demand, respectively. Below is a payoffs matrix (in K’000) showing the annual payoffs for the decision problem. Size of Block Market Demand Low Medium High Small 400 400 400 Medium 200 500 500 Large -400 300 800 Required: Identify the decision alternatives and uncertain conditions surrounding them? What is the optimal decision if the Developer is conservative? What is the optimal decision if the Developer is a risk taker? What is the optimal decision if the Developer wishes to minimize the Expected Opportunity Loss on the decision to…
Requirement Provide at least two (2) examples/case studies of international modes of entry utilized by multinational corporations in Japan, USA and Singapore that have succeeded or failed. The name of the multinational must be clearly stated in each example. Be sure to state the mode of entry utilized in each example in each country. Why do you think they would have succeeded or failed in each example included? Provide details on this. Ruberic Examples/case studies of international mode of entry strategies of multinational corporations in Japan, USA and Singapore that have succeeded or failedo Names of the multinationals clearly stated o Mode of entry in each case stated o Why they have failed/succeeded stated with details provided
Question 4An investor is to purchase one of three types of real estate, as illustrated in Figure below. Theinvestor must decide among an apartment building, an office building, and a warehouse. Thefuture states of nature that will determine how much profit the investor will make are goodeconomic conditions and poor economic conditions. The profits that will result from eachdecision in the event of each state of nature are shown in Table below: a) Find the optimal act using Maxi-Max criteriab) Find the optimal act using Mini-Max criteria c) Find the optimal act using Maxi-Min criteria d) Find the optimal act using Min-Max regret table
QUESTION 3a) Explain the risk management procedure. Set out the risks associated with attendingthe annual Engineering Institute of Zambia symposium in Livingstone. Draw a riskregister (log) and populate it with at least four perceived risks. Analyse these risksand rank them.b) You are planning the manufacture of modification to an existing product. Youranalysis has come up with the following information. What contingency reservewould you use? Project data Costcontingency There is a 30 percent probability of a delay in thereceipt of parts, with a cost to the project ofZMW90,000. There is a 20 percent probability that the parts willcost ZMW 100,000 less than expected. There is a 25 percent probability that two parts willnot fit together when installed, costing an extraZMW30,500. There is a 30 percent probability that themanufacture may be simpler than expected, savingZMW20,500. There is a 5 percent probability of a design defect,causing ZMW 50,000 of…
Q14. Akash Ltd has a surplus cash of Rs 90 Lakhs and wants to distribute 30% of it to the shareholders. The Company decides to buyback shares. The Finance Manager of the company estimates that its share price after the repurchase is likely to be 10% above the buyback price if the buyback route is taken. The number of shares outstanding at present is 10 lakhs and the current EPS is Rs 3.5/-. You are required to determine: a. The Price at which the shares can be repurchased if the market capitalization of the company should be Rs 200 lakhs after buyback. b. The number of shares that can be repurchased. c. The impact of share repurchase on the EPS, assuming the net income is same.
Mahmud owns a company, Premium Glassware Private Limited (PGP), in Penang. PGP is manufacturing a wide range of glassware products for the local and international markets. He started the business in 2015 with ten employees. The Human Resource officer, Farah had registered all her employees with the EPF Board. Usually, Farah will deduct the employee’s salary every month and the details of the employee’s contribution will be stated in each employee’s pay slip. In January 2019, Yusuf, one of the PGP employees applied to the EPF Board to withdraw some amount from the EPF account for purchasing a house. The EPF Board then checked and approved the withdrawal of RM30,000. Yusuf nevertheless has changed his mind and handed over the amount withdrawn to his wife, Muna, to run an online business. In 2020 when the country was hit by Covid-19, Ramli, another worker of PGP began to have financial problem. Recently, Ramli would like to withdraw his savings from the EPF account through i-Sinar scheme…
Scenario:2Ms. Amina is a legal secretary who has worked at an organization with powerful male boss for twenty years. She knows that there are no opportunities for advancement she decides to retire. She can always depend on her gender to secure another secretarial position, because nobody wants to hire a male secretary. In her opinion, even when women can secure jobs of a slightly higher caliber, there are typically jobs that don’t lead to leadership positions due to glass ceiling. Nor do these jobs offer a woman any notable significance as an employee of the company.Q3. What is the problem discussed in the scenario and what does Amina perceive as the cause for such problem?Q4. In your opinion, what policies of HR will protect the workforce against such barriers?Q5. As a young HR professional, if it is your responsibility to ensure that the company recruits competent people from all back grounds but it does not receive many applications from mature-age professionals or other minority…
QUESTION SIX (a) Suppose that a decision is faced with three decision alternatives and four states of nature. The following profit payoff table is constructed: Alternatives State of Nature 1S 2 S 3 S 4 S 1Α 2Α 3Α 18 15 13 12 14 16 15 10 19 8 11 15 Assuming that the decision maker has no knowledge about the probabilities of occurrence of the four states of nature, find the decisions to be recommended under each of the following criteria: iii. Minimax Reject criterion iv. Hurwicz criterion with 0.6 α =