A Concise Intro To Logic
12th Edition
ISBN: 9781305147775
Author: Hurley
Publisher: Cengage
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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.
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…
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Michael is the marketing executive of SHOPEE and he is planning to launch the 2.2.22 online SALE through price discounts, either 40% off or 20% off. He also learned that SHOPEE closest competitor LAZADA , is planning to promote also a 2.22.22 online SALE with price discounts , either 50% off or 30% off. If SHOPEE launches the 40% off, it will gain nothing. If LAZADA launches the 50% off or gain 8,000,000 if LAZADA launches the 30% off. If SHOPEE launches the 20% off, it will lose 2,000,000 if LAZADA launches the 50% off or lose 5,000,000 if LAZADA launches the 30% off.
1.Which strategy is dominated by SHOPEE depending on strategy of LAZADA?
A. 50% OFF
B. 40% OFF
C. 20% OFF
D. 30% OFF
E. NONE
2.What should be the strategy of LAZADA?
A. 50% OFF
B. 40% OFF
C. 30% OFF
D. 20% OFF
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Can you tell me how to solve this problem or show me how to solve it
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Mono Industries has a project with the following projected cash flows:
Initial Cost, Year 0: P200,000
Cash flow year one: P25,000
Cash flow year two: P75,000
Cash flow year three: P150,000
Cash flow year four: P150,000
Using a 10% discount rate for this project and the NPV model, should this project
be accepted or rejected?
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David Joseph is a supermarket chain manager based in Milwaukee, Wisconsin. He wants to establish business relations with China because China is part of the fastest-growing economies in the world. Through one of his Chinese employees, Wang Xin, David reached an agreement to import green tea from a farm animal products import and export company in Zhejiang Province, China. The goods should be in time to reach the sales peak of Thanksgiving. David himself is also a tea lover, and he is very struck by the quality of this tea, and the packaging is better than he expected. He is looking forward to tea selling in his supermarket and even tirelessly lets Wang Xin write some bilingual advertisements for tea in local mainstream newspapers or broadcast on the radio. Because of the small volume of transactions, the freight for each transaction is relatively high. To make a profit, David's accounting department suggested that the price of Chinese green tea could be set at a slightly higher price…
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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 )
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The Lotus Point Condo Project will contain both homes and apartments. The site can accommodate up to 10,000 dwelling units. The project must contain a recreation project: either a swimming-tennis complex or a sailboat marina, but not both. If a marina is built, then the number of homes in the project must be at least triple the number of apartments in the project. A marina will cost $1.2 million, and a swimming-tennis complex will cost $2.8 million. The developers believe that each apartment will yield revenues with a net present value of $48,000, and each home will yield revenues with a net present value of $46,000. Each home (or apartment) costs $40,000 to build. Formulate an integer program to help Lotus Point maximize profits.
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Use the information below to answer question
2x + 3y + 3z = 2
4x – 3y – 6z = 2
10x – 6y + 3z = 0
1. Given values – 144, -192, and 96 for Dx, Dy, and Dz respectively and D = 144. Then the solution to the system for x, y and z are:
A. -1, -1.33, and 0.67
B. -0.47, -0.63 and 0,30
C. 0.5, 0.67 and-0.33
D. 0.73, 0.98 and -0.49
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A company is considering a new product launch. There is a 0.6 chance that demand for the product will be strong and a 0.4 chance that demand will be weak. Two strategies for the launch are possible: 1 has high promotion costs and a net cash outflow of K120 000 if demand proves to be strong, and if demand proves weak a net cash outflow of (K30 000) will result. Strategy 2 has low promotion costs and if demand is strong will generate a cash inflow of only K80 000 but with weak demand a net cash inflow of K20 000.
Draw a decision tree and advise which course of action generates the greatest expected profit.
What is the maximum amount that should be paid for market research to determine with certainty whether demand will be strong or weak?
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As part of a quality improvement initiative, Consolidated Electronics employees complete a three-day training program on teaming and a two-day training program on problem-solving. The manager of quality improvement has requested that at least 8 training programs on teaming and at least 10 training programs on problem-solving be offered during the next six months. In addition, senior-level management has specified that at least 25 training programs must be offered during this period. Consolidated Electronics uses a consultant to teach the training programs. During the next quarter, the consultant has 84 days of training time available. Each training program on teaming costs $10,000 and each training program on problem-solving costs $8,000.
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A patient consult a doctor to check up his ill health. Doctor examines him and advises him that he is having deficiency of two vitamins, vitamin A and vitamin D. Doctor advises him to consume vitamin A and D regularly for a period of time so that he can regain his health. Doctor prescribes tonic X and tonic Y, which are having vitamin A, and D in certain proportion. Also advises the patient to consume at least 40 units of vitamin A and 50 units of vitamin Daily. The cost of tonics X and Y and the proportion of vitamin A and D that present in X and Y are given in the table below. Formulate the model to minimize the cost of tonics (Table in picture attached)
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How does an optimal frontier graph draw a risk-free line?
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What combination of x and y will yield the optimum for this problem? Maximize $10x + $4y, subject to (1) 5x + 3y ≤ 15 and (2) 3x + 6y ≤ 18 and (3) x, y ≥ 0.
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