Consider the following table which presents information on the returns in million poundsfrom a range of investment project alternatives for a company depending on the performanceof the economy: the economy may be in a recession, performing at a normal level orbooming.SCENARIORECESSIONNORMALВОOMProject AProject BProject C121828102232112131a) Briefly describe and apply the following decision criteria to select the optimal project:i.Maxi – min rule;ii.Махi- max rule;11.Mini max regret rule.b) Using data provided below, compute appropriate values and fill the table below to helpidentify the least risky and most risky project among alternatives A, B and C usingappropriate criteria.ProjectPEVDD2VarSt. dev Coef.Of Var120.2A180.7280.1100.3В220.6320.1110.1C210.8310.1Where n denotes the profit, P is the probability, EV stand for Expected value, D is theDeviation, D$ denote the deviation square, St. dev is the standard deviation and finallyCoef.of Var is the coefficient of variation.

Note: - Since we can answer only up to three subparts we will answer subparts a(1, 2, and 3) here.…

Answered: Consider the following table which…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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The expected times and variances for the project activities are given below, critical path is A-D-F-H. What is the probability of the completing the project in 31 periods? ID A B C D E F G H Description Pilot production Select channels of distribution Develop program Test market Patent Full production Ad promotion Release 55% 77% 88% 66% Predecessor None None None A A D C B,E,F,G 6 7 4 4 10 16 3 2 Variance [(b-a)/6]2 3 4 2 2 5 10 2 1
a. Identify and discuss how Peter can adopt intended strategy. Information from the scenario must be included to support the discussion.
Japan has approved a plan to release more than one million tonnes of contaminated water from the destroyed Fukushima nuclear plant into the sea. The water will be treated and diluted so radiation levels are below those set for drinking water. But the local fishing industry has strongly opposed the move, as have China and South Korea. Tokyo says work to release water used to cool nuclear fuel will begin in about two years. The final approval comes after years of debate and is expected to take decades to complete. Reactor buildings at the Fukushima power plant were damaged by hydrogen explosions caused by an earthquake and tsunami in 2011. The tsunami knocked out cooling systems to the reactors, three of which melted down. More than a million tonnes of water have been used to cool the melted reactors. Environmental groups like Greenpeace have long expressed their opposition to releasing the water into the ocean. The NGO said Japan's plans to release the water showed the government…
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Recently, you were assigned to manage a project for your company. You have constructed a network diagram depicting the various activities in the project (shown below to the right). In addition, you have asked your team to estimate the amount of time that they would expect each of the activities to take. Their responses are shown in the following table: D ew an example Activity A B с D Get more help. E Optimistic 4 5 4 1 Time Estimates (days) Most Likely 8 8 5 4 3 a. What is the expected completion time of the project? The expected completion time is days. (Enter your response as an integer.) 8 Pessimistic 12 12 7 5 MacBook Pro 9 Start + B D ( Finish A Q Q Clear all Check answer +
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Q2: A company invested an amount of $85,000 to implement a project, and the expected receipts from this project during the 5 years were as follows: End the year 11/ 2 $25,000 Receipts() $10,000 3 $35,000 4 $45,000 5 $30,000 Find I.R.R and determine if the project is desirable or not If the MARR was 16%?
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