Carlisle Company has been cited and must invest in equipment to reduce stack emissions or face EPA fines of $18,500 per year. An emission reduction filter will cost $75,000 and have an expected life of 5 years. Carlisle's MARR is 10%/year. Click here to access the TVM Factor Table Calculator Part a What is the annual worth of this investment? $
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- Based on an annual worth analysis, should the equipment be purchased if the expected production is 440 units/year? Yes Annual Worth: $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is +10. Determine the breakeven value for annual production that will return MARR on the investment in the new equipment. units Carry all interim calculations to 5 decimal places and then round your final answer to the nearest unit. The tolerance is ±2.eferring to the pay-off table, determine which alternative would be chosen under each of these strategies: Possible future demand in OMR Alternative Low Medium High A 12 15 15 B 10 13 16 C 6 8 19 For the data in above table, assume probabilities of: (low demand) = 0.15, (medium demand) = 0.55, and (high demand) = 0.3. Using a Minimax regret approach the value of the lowest regret is. (Write the number only)What does the risk factor value that you obtained from mean? (f). What will the value be used for in the future?
- Titan manufactures and sells gas-powered electricity generators. It can purchase a new line of fuel injectors from either of two companies. Cost and savings estimates are available, but the savings estimate is unreliable at this time. Use an AW analysis at 10% per year to determine if the selection between company A and company B changes when the savings per year may vary as much as 40% from the best estimates made thus far.6. Laura is trying to decide whether to sell her knitted hats on Etsy, at a holiday bazaar, or in a local boutique. Demand could be 0 hats/month, 10 hats/month, or 20 hats/month. Given the payoff matrix below, what is her decision under equally likely? Demand = 0 Demand = 10 Demand = 20 Etsy -$70 $80 $230 Bazaar -$60 $90 $240 Boutique -$80 $70 $220 Select one: a. Etsy and boutique. b. Etsy only. c. Etsy and bazaar. d. Bazaar and boutique. e. All 3 are equally good. f. Bazaar only. g. None of them are good options. h. Boutique only.A well-known plastic mould and die manufacturer in Toronto intends to expand internationally in anticipation of strong demand and expansion in the plastic die manufacturing sector. use the table beneath. Using the Maximax, Maximin, and equally likely conditions, assist the business in making the best option in an unclear situation. 0.5 for a highly favourable condition, 0.2 for an average demand, and 0.3 for an unfavourable state are the probabilities linked with the states of nature.a) Choose the course of action that will give Andrew the highest predicted monetary value (EMV).b) Determine the anticipated value of perfect information (EVPI).
- After reading about economic predictions, Debbie Gibson (see problem #4) has assigned the probabilities that the economy will be strong, average, and weak at 0.2, 0.35, and 0.45 respectively. a) Using EMVs, what option should Debbie choose? What is the maximum EMV? b) Using EOL, what option should Debbie choose? What is the minimum EOL? c) Compute the EVPI and show that it is the same as the minimum EOL. For Reference: (Problem # 4) Debbie Gibson is considering three investment options for a small inheritance that she has just received-stocks, bonds, and money market. The return on her investment will depend on the performance of the economy, which can be strong, average, or weak. If the market is strong her returns are 9% for stocks, 6% for bonds and 4% for money market. If the market is average her returns are 5% for stocks, 4% for bonds and 6% for money market. If the market is weak her returns are -7% for stocks, 2% for bonds and 1% for money market.After reading about economic predictions, Debbie Gibson (see problem #4) has assigned the probabilities that the economy will be strong, average, and weak at 0.2, 0.35, and 0.45 respectively. a) Using EMVs, what option should Debbie choose? What is the maximum EMV? b) Using EOL, what option should Debbie choose? What is the minimum EOL? c) Compute the EVPI and show that it is the same as the minimum EOL.As manager for a retail store, you have to order new stock. There are three ranges to choose from: luxury, middle of the range and inexpensive. The strategic decision on which range to buy depends on the economic outlook for the season, but the economic forecasts are uncertain. Historical data shows that the expected profits are: Profit pay- offs Economic outlook Strategies Good Average Bad 1. Buy luxury range 100,000 40,000 −80,000 2. Buy middle of range 70,750 60,000 −30,200 3. Buy inexpensive range −20,200 50,500 50,000 Figure 1Pay-off table of profits Use the Laplace criterion to make a decision. Use the Wald criterion to make a decision. Use the maximax criterion to make a decision. Use the maximin criterion to make a decision. Compare and discuss the results.
- Tucson Machinery, Incorporated, manufactures numerically controlled machines, which sell for an average price of $0.5 million each. Sales for these NCMs for the past two years were as follows: Use Exhibit 3.10. QUARTER LAST YEAR QUANTITY (UNITS) QUARTER THIS YEAR QUANTITY (UNITS) 1 12 1 16 2 18 2 24 3 26 3 28 4 16 4 18 Find a line using regression in Excel. Note: Round your answers to 3 decimal places. Find the trend and seasonal indexes. Note: Round your answers to 3 decimal places. Forecast sales for next year. Note: Round your answers to 2 decimal places.Economics In the short run, which of the following is most likely a variable cost? a) Vehicle fleet loan paymentsb) Equipment loan paymentsc) water costd) mortgage payments for owned plant facilitiesYear E F G H 0 − $90 − $110 − $100 − $120 1 20 35 0 0 2 20 35 10 0 3 20 35 20 0 4 20 35 30 0 5 20 0 40 0 6 20 0 50 180 (a)Based on the payback period, which alternative is preferred? (b)Based on future worth analysis, which of the four alternatives is preferred at 5% interest? (c)Based on future worth analysis, which alternative is preferred at 20% interest? (d)At 10% interest, what is the benefit–cost ratio for Alt. G?