Randall Systems in considering four projects A, B, C and D that have risks associated with the producing benefits. Based on the information given in the table below, which project is more desirable for the company?
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Randall Systems in considering four projects A, B, C and D that have risks associated with the producing benefits. Based on the information given in the table below, which project is more desirable for the company?
Project A Project B Project C Project D
EUAW Prob. EUAW Prob. EUAW Prob. EUAW Prob.
$2,000 0.2 $3,000 0.1 -$5,000 0.2 $4,000 0.4
$1,500 0.5 -$2,500 0.4 $6,500 0.5 $2,500 0.3
$3,000 0.3 $3,500 0.5 $1,000 0.3 -$2,000 0.3
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- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
- The president of AS Electronics, Inc., has two design options for his new line of cathode ray tubes (CRTs). The forecast for the CRTs is 100,000 units annually. The company will make 100,000 units using one of the two designs at a cost of $75 each. Good CRTs can be sold, but bad CRTs are destroyed and have no salvage value. (Ignore any disposal cost issues for the moment.) The company can sell good CRTs for $150. Design option A has a .90 probability of yielding 59 good CRTs per 100 and a .10 probability of yielding 64 good CRTs per 100. The design will cost $1,000,000. Design option B has a .80 probability of yielding 64 good CRTs per 100 and a .20 probability of yielding 59 good CRTs per 100. The design will cost $1,350,000. Draw and label the decision tree (for two design options with two possible yields each). Calculate the first-year payoff for each option. [Payoff = Annual Revenues – annual manufacturing costs – design costs] Calculate the expected payoff for each of the…A company that makes food-friendly silicone (for use in cooking and baking pan coatings)is considering four independent projects shown, all of which can be considered to be viable for only 10 years. The company's MARR is 15% per year. Project A B C D First Cost, $ -1500 -2300 -5600 -7600 Annual net Income, $/year 200 460 1150 1200 Salvage value, $ 5 6 8 7 Determine which products to implement Financial values are in $1000 units. The present worth of project A is $___________, So project A is ___________(Rejected / Accepted) The present worth of project B is $___________, So project B is ___________(Rejected / Accepted) The present worth of project C is $___________, So project C is ___________(Rejected / Accepted) The present worth of project D is $___________, So project D is ___________(Rejected / Accepted)2. A toy manufacturer has three different mechanisms that can be installed in a doll that it sells. The different mechanisms have three different setup costs (overheads) and variable costs and, therefore, the profit from the dolls is dependent on the volume of sales. The anticipated payoffs are as follows. Light Demand 0.25 $325,000 $300,000 -$400,000 Heavy Demand 0.3 Probability Wind-up action Pneumatic action Electrical action Moderate Demand 0.45 $190,000 $420,000 S170,000 $400,000 $800,000 $240,000 a. What is the EMV of each decision alternative? b. Which action should be selected? c. What is the expected value with perfect information? d. What is the expected value of perfect information? e. What is the expected opportunity loss?
- A rock concert producer has scheduled an outdoor concert. The producer estimates the attendance will depend on the weather according to the following table. Weather Attendance Probability wet, cold 4000 0.1 wet, warm 25000 0.1 dry, cold 30000 0.1 dry, warm 45000 0.7 (a) What is the expected attendance? (b) If tickets cost $ 30 each, the band will cost $ 250,000, plus $ 55,000 for administration. What is the expected profit?A hotel is runned by a manager and the owners propsoed a new proposal to increase their sales and if the manager does increases the sales they will pay him addiotional 10k but if they stick to their current situation what are the pros and cons, List 4 pros and 4 cons for status quo.A local toy manufacturer has three different mechanisms that can be installed in a doll that it sells. The different mechanisms have three different setup costs (overheads) and variable costs and, therefore, the profit from the dolls is dependent on the volume of sales. The anticipated payoffs are as follows: Light Demand Moderate Demand Heavy Demand Probability 0.25 0.45 0.3 Wind-up action $325,000 $190,000 $170,000 Pneumatic action $300,000 $420,000 $400,000 Electrical action -$400,000 $240,000 $800,000 What is the ultimate objective in the use of decision trees to product design? How is this objective accomplished? Draw the decision tree. What is the EMV of each decision alternative? Which action should be selected?
- You are required to generate an idea based on your opportunity recognition. From the idea, you need to prepare a feasibility analysis. Ice Cream Shop feasibility analysis should consist of the following information: Part 1: Product/Service Feasibility A.Product/service desirability B.Product/service demand Part 2: Industry/Target Market Feasibility A.Industry attractiveness B.Target market attractiveness Part 3: Organizational Feasibility A.Management prowess B.Resource sufficiency Part 4: Financial Feasibility A.Total start-up cash needed B.Financial performance of similar businesses C.Overall financial attractiveness of the proposed ventureWhich of the following project characteristics are associated with Public Sector Projects? Note: This is a Multiple Answer question. Please select all of the following options you think are correct? The estimated life of public sector projects are Longer (30 to 50+ years) The discount rate used to justify Public Sector Projects is typically higher than those found in Private Sector Projects. Profit is not considered in purely Public Sector Projects. The size of the investments are Large Multiple selection criteria are frequently used in this type of project. Stocks, bonds, loans, and individual investments typically provide the funding for this class of project.c. From the following decision tree, develop a payoff table and calculate: * Maximax, Minimax regret, Maximin, and EMV. ORs. 50,000 Good conditions (0.60) Poor conditions (0.40) -O Rs. 30,000 Apartment Building Good conditions (0.60) O Rs. 100,000 Office building Poor conditions (0.40) Purchase ORs -40,000 Warchouse Good conditions (0.60) Rs.30, 000 Poor conditions (0.40) O Rs. 10,000