FIll out the charts Problem 2- Use the information below to compress one time unit per move using the least cost method.Reduce the schedule until you reach the crash point. Fill out and calculate the table with your direct costresults. Graph your results for direct cost, indirect cost, total cost, and with incentive costScAACT. NORMAL NORMAL MAXIMUMCRASHTIME COSTCRASHCOSTTIME(slope)BABA1040280B810330с580140сED1150250E151004100F620130300AD101127PROJECT DURATIONBB8F6TOTAL DIRECTCOSTCECP=515BADCEPROJECT DURATIONTOTAL DIRECTCOSTFACTIVITIES CHANGEDDсEA26BEF25PROJECT DURATIONTOTAL DIRECTCOSTACTIVITIES CHANGEDCP-24PROJECT DURATIONFTOTAL DIRECTCOSTACTIVITIES CHANGEDCP=PROJECT DURATIONTOTAL DIRECTCOSTACTIVITIES CHANGEDCP-23Exac d22PROJECT DURATIONPROJECTDURATION22DIRECTCOSTSINDIRECTCOSTSTOTAL WITHCOSTSINCENTIVE502360TOTAL DIRECT24120COST25180ACTIVITIES CHANGED2624027300| | | | | |сE1000CP =800600PROJECT DURATIONlincentive222324 252627-60 -40-30-20-100400200222324252627

Understanding the Inputs and Initial ConditionsGiven Data:We have a table with activities labeled A…

Answered: Problem 2- Use the information below to…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section: Chapter Questions

Problem 30P

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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.
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Year 1 2 3 4 5 6 7 8 9 10 11 12 Costs (BWP million) +100 110 120 115 150 170 200 250 200 180 150 120 100 Benefits (BWP million) -100 80 100 120 150 165 180 200 210 250 200 150 100 Compute the Profitability Index and make an investment recommendation
As a project lead for Project Hoop2, you have been given the task of generating a project reserve. You have been given the data below, where “Opp” followed by a number means a specified Opportunity. What is the amount of the total net overall reserve amount that you recommend to the project manager?
Demonstrate the steps to solve this question: Advanced Electronics manufactures DVDs and sells them directly to retailers who typically sell them for $20. Retailers take a 40 percent margin based on the retail selling price. Advanced’s cost information is as follows:DVD package and disc €2.50/DVDRoyalties €2.25/DVDAdvertising and promotion €500,000Overhead €200,000 Calculate the break-even volume in DVD units and euros.
Suppose your organization is deciding which of THREE projects to bid on. The information or each is in the Table 2 below. Assume that all up-front investments are not recovered, so the are shown as negative profits. Table 2: Three Projects Details Estimated Probability (P) Profits/Losses Project A 50% RM120,000 50% (RM50,000) Project B 30% RM100,000 40% RM50,000 30% (RM60,000) Project C 70% RM20,000 30% (RM5,000) Tasks: (a) Calculate the Expected Monetary Value (EMV) for each project. Then, insert all the detail: into the table. (b) Based on your result, explain on which projects you would bid. Be sure to use the EMV information and your personal risk tolerance to justify your answer.
Hello please help me answer the following question: ACME Corporation is developing a new innovative product to launch the product, monthly fixed costs are set at $152,243. Variable costs are set at $23. They desire to break even by selling 19,416 units. Given the above details, what should the price be for Break Even to occur at 25,000 units?
Use the identified following five cost risks , and do the qualitative analysis of risk using the risk matrix shown below? 1. Scope Creep 2. Uncertain Market Conditions 3- Inadequate Risk Assessment 4. Poorly Defined Project Requirements 5. Unforeseen Site Conditions
Rare Agri-Products Ltd. is considering a new project with a projectedlife of seven (7) years. The project falls under the government’ssubsidy program for encouraging local agricultural products and iseligible for a one-time rebate of 25% on any initial equipmentinstalled for the project. The initial equipment (IE) will cost$41,000,000. At the end of year 1, An additional equipment (AE) costing$3,500,000 will be needed at the end of year 3. At the end of seven(7) years, the original equipment, IE, will have no resale value butthe supplementary equipment, AE, can be sold for $50,000. A workingcapital of $1,350,000 will be needed.The project is forecast to generate sales of agri-products over theseven years as follows:Year 1 70,000 unitsYear 2 100,000 unitsYears 3-5 250,000 unitsYears 6-7 325,000 unitsA sale price of $150 per unit for the first two years is expected andthen decline to $90 per unit thereafter as the newness of the productloses some sheen. The variable expenses will amount…
Build-Rite Construction has received favorable publicity from guest appearances on a public TV home improvement program. Public TV programming decisions seem to be unpredictable, so Build-Rite cannot estimate the probability of continued benefits from its relationship with the show. Demand for home improvements next year may be either low or high. But Build-Rite must decide now whether to hire more employees, do nothing, or develop subcontracts with other home improvement contractors. Build-Rite has developed the following payoff table: The best decision according to laplace criterion is alternative to what? and the weighted payoff for this decision is what?
Build-Rite Construction has received favorable publicity from guest appearances on a public TV home improvement program. Public TV programming decisions seem to be unpredictable, so Build-Rite cannot estimate the probability of continued benefits from its relationship with the show. Demand for home improvements next year may be either low or high. But Build-Rite must decide now whether to hire more employees, do nothing, or develop subcontracts with other home improvement contractors. Build-Rite has developed the following payoff table: Demand for Home Improvements Alternative Low Moderate High Hire ($250,000) $100,000 $625,000 Subcontract $100,000 $150,000 $415,000 Do nothing $50,000 $80,000 $300,000 Which alternative is best, according to each of thefollowing decision criteria?a. Maximinb. Maximaxc. Laplaced. Minimax regret

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