The ABC Co. is considering a new consumer product. They have no idea whether or not the XYZ Co. will come out with a competitive product. If ABC adds an assembly line for the product and XYZ does not follow with a competitive product, their expected profit is $40,000; if they add an assembly line and XYZ does follow, they still expect a $10,000 profit. If ABC adds a new plant addition and XYZ does not produce a competitive product, they expect a profit of $600,000; if XYZ does compete for this market, ABC expects a loss of $100,000. Calculate Hurwicz's criterion of realism using αs of a. 0.7, b.0.3, and c. 0.1.
Answers
To calculate Hurwicz's criterion of realism, we need to consider the optimistic and pessimistic outcomes for each decision and calculate the weighted average using the given α (alpha) values.
a) α = 0.7:
Optimistic outcome if ABC adds an assembly line: $40,000
Pessimistic outcome if XYZ follows: $10,000
Weighted average: (0.7 * $40,000) + (0.3 * $10,000) = $31,000
Optimistic outcome if ABC adds a new plant addition: $600,000
Pessimistic outcome if XYZ follows: -$100,000
Weighted average: (0.7 * $600,000) + (0.3 * -$100,000) = $430,000
b) α = 0.3:
Optimistic outcome if ABC adds an assembly line: $40,000
Pessimistic outcome if XYZ follows: $10,000
Weighted average: (0.3 * $40,000) + (0.7 * $10,000) = $16,000
Optimistic outcome if ABC adds a new plant addition: $600,000
Pessimistic outcome if XYZ follows: -$100,000
Weighted average: (0.3 * $600,000) + (0.7 * -$100,000) = $310,000
c) α = 0.1:
Optimistic outcome if ABC adds an assembly line: $40,000
Pessimistic outcome if XYZ follows: $10,000
Weighted average: (0.1 * $40,000) + (0.9 * $10,000) = $13,000
Optimistic outcome if ABC adds a new plant addition: $600,000
Pessimistic outcome if XYZ follows: -$100,000
Weighted average: (0.1 * $600,000) + (0.9 * -$100,000) = $50,000
Hurwicz's criterion of realism, using the given α values, for adding an assembly line ranges from $13,000 to $31,000. For adding a new plant addition, it ranges from $50,000 to $430,000. These values represent the weighted averages considering the optimistic and pessimistic outcomes based on the likelihood of XYZ following with a competitive product.
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Using α values of 0.7, 0.3, and 0.1, Hurwicz's criterion of realism would be:
a. $34,000
b. $16,000
c. $13,000
To calculate Hurwicz's criterion of realism, we need to determine the expected profit under different scenarios and weight them based on the given α values.
Let's calculate the criterion using α values of 0.7, 0.3, and 0.1.
For α = 0.7:
- If ABC adds an assembly line and XYZ does not follow, the expected profit is $40,000.
- If ABC adds an assembly line and XYZ does follow, the expected profit is $10,000.
- Weighted expected profit: \((0.7 * $40,000) + (0.3 * $10,000) = $34,000\)
For α = 0.3:
- If ABC adds an assembly line and XYZ does not follow, the expected profit is $40,000.
- If ABC adds an assembly line and XYZ does follow, the expected profit is $10,000.
- Weighted expected profit: \((0.3 * $40,000) + (0.7 * $10,000) = $16,000\)
For α = 0.1:
- If ABC adds an assembly line and XYZ does not follow, the expected profit is $40,000.
- If ABC adds an assembly line and XYZ does follow, the expected profit is $10,000.
- Weighted expected profit: \((0.1 * $40,000) + (0.9 * $10,000) = $13,000\)
Therefore, using α values of 0.7, 0.3, and 0.1, Hurwicz's criterion of realism would be:
a. $34,000
b. $16,000
c. $13,000
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Related Questions
_________ is the removal of items from a store with the intention of not paying for them.
a. shrinkage
b. shoplifting
c. control
d. none of the above
Answers
Answer: lol that should be shoplifting
wth fill in the blanks
Bankruptcy
Cash
Check
Credit
Debit
Debt
Foreclosure
Expenditures
Credit Card
Debit Card
Impulse Buying
Long-Term Goals
Needs
Short-Term Goals
Wants
Budget
Discretionary Income
Fixed Expenses
Variable Expenses
Scarcity
(not all the words are being used)
1. The amount of financial trust extended to a person or a business by a lender; a loan.
2. Money owed.
3. A legal process that gives a debtor protection from creditors.
4. Goods or services that make people more comfortable or content but which are not necessary for survival.
5. Goods or services that people cannot survive without, such as water, food, shelter, and clothing.
6. Money that is spent on goods, services, and bills.
7. A purchase based on an immediate want or due to the pressure of advertising.
8. Plans that take a year or more to accomplish.
9. Plans that can be accomplished within three months to a year.
10. A record of income and spending and a plan for managing money.
11. Money available to spend on goods and services that are not essential.
12. The economic condition of limited resources that prevents people from having everything they want.
13. Expenses that do not change from month to month, such as auto insurance or rent.
Answers
Answer:
1. Credit 2. Debt 3. Bankruptcy 4. Wants 5. Needs 6. Cash 7. Impulse Buying 8. Long-term goals 9. Short-term goals 10. Budget 11. Discretionary income 12. Scarcity 13. Fixed Expenses
Explanation:
question content areawhich of the following measures would not help managers to control and improve operations? a.yield trends bmissions paid per time period c.cost trends of a product d.units produced per time period
Answers
The following measures would not help managers to control and improve operations and units produced per time. The correct answer is D.
Inventory turnover measures, however, with efficiency, a corporation uses its inventory by dividing price the price of products oversubscribed by the typical inventory value throughout the amount. ESD isn't solely recognized as a key enabler of property development however associate degree is an integral component of all quality education.
The cost of production report could also be used for all the subsequent except analyzing the modification in an exceedingly. Conversion prices per equivalent units between periods.
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When a company uses computer software to extract large amounts of data from social media platforms, it is using ______
Answers
Use this formula to help solve the problem.
• gross income = total of all incomes added together
Given the following information, what does the gross income for the month equal?
Cash = $700, Checks = $200, Credit Card Charges = $400
a. $700
b. $1100
c. $1300
d. $400
Answers
Answer:
C.$1300.................:)
Answer:
1,300
Explanation:
just added the numbers
Which is a risk in IS development?
A. system unavailability
B client requirements
C. design complexity
D. low productivity
Answers
Answer: system unavailability
Explanation:
A risk in IS development is system unavailability or asset availability. The correct option is a.
What is system unavailability?System availability which is also known as equipment availability or asset availability is a metric that measures the probability that a system is not failed or undergoing a repair action when it needs to be used.
There are three qualifications that need to be met for a system to be available: Functioning equipment - Not out of service for repairs or inspections, Functioning under normal conditions - Operates in an ideal setting at an expected rate, Functioning when needed - Operational at any time production is scheduled. System availability is used to gauge if an asset’s production potential is being maximized, which has a direct impact on the financial health of a business. System availability is calculated by dividing uptime by the total sum of uptime and downtime.
The formula is System availability = (Actual operation time in hours / Total time in hours) * 100.
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How do office assistants show enthusiasm?
Answers
Answer:
I think things you can do to show enthusiasm are:
1. showing in your work (even if it is not your favorite)
2. Think on the bright side.
3. Smile, sit up straight, make eye contact with co-workers, and talk in a upbeat manner.
Hope this helps!!!
Question 1 of 3
The bank limits deposits to $200 per day. Ash has $300
to deposit. What should she do?
Select a response.
A Make multiple deposits over a few days
B Not agree to the Terms and Conditions
Answers
According to the information provided, Ash should make several deposits spread out over a few days. Thus option A is correct.
Ash can divide the deposit into two separate transactions because the bank only allows deposits of $200 per day and she has $300 to deposit. She is permitted to deposit $200 on the first day and the final $100 on the second day.
She will be able to successfully complete her deposit and stay inside the bank's deposit cap with this method. The correct response is, "Make several deposits over a few days."
Therefore, option A is appropriate.
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what is the full meaning of "SWOT"
Answers
Answer:
Strengths, Weaknesses, Opportunities, and Threats analysis
Explanation:
Strengths, Weaknesses, Opportunities, and Threats analysis
According to the video, what qualities do Psychiatrists need? Check all that apply.
persistence
leadership skills
knowledge of medicine
teamwork
knowledge of surgical techniques
empathy
communication skills
Answers
Answer: A, C, F, G
Explanation:
Answer:
A, E, & F
Explanation:
Picture below⬇️
in many states today a landlord must use reasonable care to maintain safe premises and is liable for foreseeable harm. True or False
Answers
True. In many states, a landlord must use reasonable care to maintain safe premises and is liable for foreseeable harm. This legal obligation is known as the "duty of care."
In many states, landlords are indeed required to use reasonable care to maintain safe premises for their tenants. This legal obligation is based on the principle of providing a habitable and safe living environment for tenants. Landlords must take reasonable steps to identify and address potential hazards on their rental properties, such as maintaining the structural integrity of the building, ensuring proper lighting, addressing plumbing or electrical issues, and addressing other safety concerns.
The duty of reasonable care means that landlords are expected to act as a reasonably prudent person would in similar circumstances. This includes conducting regular inspections, promptly addressing maintenance and repair issues, and taking preventive measures to minimize the risk of harm to tenants. If a landlord fails to meet this duty and a tenant suffers harm as a result, the landlord can be held liable for negligence.
It's important to note that the specific legal requirements for landlords may vary by jurisdiction. Some states have specific statutes or regulations that outline the landlord's duty to maintain safe premises, while others rely on common law principles. Therefore, it is crucial for landlords and tenants to familiarize themselves with the applicable laws in their jurisdiction to understand their rights and responsibilities regarding safe premises.
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Sarah pays her personal trainer, Lily, by check. Lily uses the check to pay her grocery bills in a supermarket. How is Lily able to use the check to make her grocery payments?
Answers
Lily is able to use the check from Sarah to make her grocery payments by depositing the check into her bank account and then using the funds from the account to pay for her groceries.
When Lily receives the check from Sarah, she can endorse the back of the check with her signature and deposit it into her bank account. The bank then processes the check and credits the amount to Lily's account, making the funds available for her use. With the funds in her bank account, Lily can either withdraw cash or use other payment methods, such as a debit card or online transfer, to make her grocery payments at the supermarket.
Using checks as a form of payment offers convenience and security. It eliminates the need for carrying large amounts of cash and provides a record of the transaction. By depositing the check into her bank account, Lily can access the funds easily and use them for her various financial needs, including paying her grocery bills. The banking system ensures that the check amount is transferred from Sarah's account to Lily's account, enabling her to make purchases without relying solely on physical cash.
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How do i say no to guy that likes me with out making him sad? Please, i need help ASAP
Answers
Answer:
You're a great guy but I don't want to get into a relationship because of my crippling depression
Answer:
i have alot going on and i cant be in a relationship rn
Explanation:
Finding a job that matches your skills and interests, and finding a job that has a positive job outlook are both important things to consider when selecting a career. Which do you think is more important? Why?
<< Read Less
Answers
Answer: Finding a job that matches your skill and interest.
Explanation:
This is very important and it majorly one of the key things to consider when applying for jobs. Sometimes, desperation makes people take any job without thinking if they like the job or not and this is bad as it will hinder the success of such person in the firm.
A typical example of this is applying for a job that requires proficiency in microsoft office packages and you literally have no knowledge but you only applied considering the Positive outlook of the firm, they are no two ways about this, you'd perform woefully if being asked simply because you don't possess the skill.
Finding a job that matches your skills and interest tends to make the job more enjoyable as you will be more motivated to keep the job and will find great pleasure in carrying out the task given. It also aids your career development as well, according to the saying practice makes perfect, doing what you love will continually help you to grow and develop yourself in your chosen field.
Malick has a videoconference with two
coworkers this afternoon and is trying to
position his camera for the best results.
Which of these would provide the BEST
background?
Answers
When there is a videoconference, the one that would provide the best background is a blank wall with a plant and some books on a shelf. Hence, Option A is correct.
What is a video conference?Through the use of video conferencing technology, remote employees can communicate. The technology allows two or more people who are dispersed across several locations to have live audio and video connections.
A style of teleconference in which there are more than two participants and who use a computer, smartphone, etc. to send and receive both audio and video data.
Therefore, Option A is correct.
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The basis of competition is freedom of ______ exercised in the pursuit of ______.
Answers
The basis of competition is freedom of choice exercised in the pursuit of money.
What is competition?Competition is a scenario where different economic firms are in contention to obtain goods that are limited by varying the elements.
The purpose of competition is for businesses to try to outdo each other in order to earn more.
Also, competition enable businesses come up with newer ways to please their customers, hence come up with amazing innovative ideas and better products.
Hence, the basis of competition is freedom of choice exercised in the pursuit of money.
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Unlike job satisfaction life satisfaction is not dispositional based
Answers
The given statement about unlike job satisfaction life satisfaction is not dispositional based is explained below.
Unlike job satisfaction, life satisfaction is not primarily dispositional which means it is not solely determined by one's personality traits or inherent disposition.
The life satisfaction is influenced by a wide range of factors, including personal circumstances, relationships, health, social support and fulfillment of personal goals and values.
It is a assessment of one's overall well-being and happiness in life.
The dispositional factors may play a role in the life satisfaction can change over time as circumstances and priorities shift. It is influenced by external factors and can be actively influenced through personal choices, mindset and engagement.
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When the results of quality control are unacceptable, what is the next step?.
Answers
When the results of quality control are unacceptable, the next step is to investigate and identify the root cause of the problem.
This involves analyzing the data collected during the quality control process to determine what went wrong and where in the production process the issue occurred. Once the root cause has been identified, corrective action can be taken to prevent the issue from recurring.
The corrective action may involve reworking or discarding the affected products, adjusting the production process or equipment, providing additional training to employees, or making changes to the quality control process itself.
It is important to document the investigation and corrective action taken, and to monitor the process to ensure that the problem has been fully resolved and that the quality control measures in place are effective in preventing similar issues in the future.
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Which of the following are types of evidence that can be used to support a
controlling idea? *
facts (statements that can be proved true)
statistics (data that is gained from research)
examples (specific instances of a general idea)
anecdotes (brief stories that illustrate a point)
all of the above
Answers
Answer:
all of the above
Explanation:
The controlling idea is the text that grabs the reader's attention in a paragraph or headline. It arouses curiosity in the audiences. The controlling idea makes people eager and anxious for details. In support of the controlling idea, the writer uses evidence to paint a clear picture of the events or story.
Some of the evidence that a writer can use include
Verifiable facts and dataReal-life stories and experiencesResearch outcomesFactual information in the public domainWhich type of chart or graph shows data with distinct x and y values?
O a bar graph
O a scatter plot
O a line chart
O a pie chart
Answers
Answer:
A. a bar graph is the answer
Choose all items that represent characteristics of a resume:
is a summary career portfolio data
is the same thing as a career portfolio
is not used for a job application
is typically organized by jobs or skills
is ideally one or two pages in length
Answers
Answer:
is a summary career portfolio data
is typically organized by jobs or skills
is ideally one or two pages in length
is the same thing as a career portfolio
Explanation:
HOPE THIS HELPS! :)
An instrument used to enlarge or reduce a map is known as
Answers
Answer:
pantograph
Explanation:
you can use a pantograph to do this.
The drawee is the
Question 4 options:
person who writes the check.
person who reconciles the account.
bank with which the drawer has an account.
person to whom the check is payable.
Answers
Answer:
C
Explanation:
The drawee is the bank with which the drawer has an account.
Part 1: Multiple Choice
Instructions
Choose the answer that best fits each statement below.
1. As you begin your budgeting process, a good place to start is to prepare a
a. Budget variance
b. Budget estimate
c. Budget plan
d. Budget contribution
I
2. What type of expense fluctuates month to month?
a. Emergency
b. Fixed
C. Variable
d. Discretionary
3. Which is an example of a financial statement?
a Bank statement
b Statement of contributions
C. Fixed and variable statement
d. Periodic statement
4. What is it called when you put money aside specifically for use in difficult situations?
a Income fund
b. Opportunity fund
c. Fixed expense fund
d. Emergency fund
Answers
Answer:
1.)a
2.)b
3.)c
4.)c
I think this could be the answer
Which completes the equation?
O + A + Consideration (+______) = K
Legal capability
Legal capacity
Legal corporations
Legal injunction
Answers
"Legal capacity" is the final term that completes the equation.
What is the full legal age?What a person is legally capable of doing depends on the rules and regulations of the legal system. It is a fiction with no underlying reality that every legal system uses to establish a relationship with its constituents.
What does the legal competence to contract mean?A party has the legal authority to enter into a contract if they have the capacity to do so. Capability also implies that a person must be legally competent. A person's ability is determined by two factors: whether they are of legal age to enter into contracts and if they are mentally able to do so.
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Which defines room and board? (1 point)
O housing and meals that are often provided at additional cost
O a school that provides training in a specific skill or trade
O an educational institution or establishment, in particular one providing higher education
O monetary support that is used to help pay educational costs
Answers
In contrast to a variety of non formal and informal methods of socialization, education is the field that is concerned with the methods of teaching and learning in schools or environments that resemble schools.
What differentiates knowledge from education?
Knowledge and education are not the same thing. Knowledge is what you know, while education is how you learn it. The facts and information you can remember and use is called knowledge. Education is how we learn new things.
Equity and equality in education, what do you mean?
A system of equality treats everyone the same without giving any consideration to their requirements or needs. As a result, equity is a situation in which every person, regardless of their individual differences, receives the same rights and opportunities.
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Answer:
O housing and meals that are often provided at additional cost
Explanation:
“Room” in Room and Board, meaning
The “room” part can be taken literally it’s basically your college bedroom
and Board refers to the meal plan meaning somewhere that supplies food.
Boom easy answer
what is business?????????????
Answers
A business is defined as an organisation or enterprising entity engaged in commercial, industrial,or professional activities.
Skill development training centre are operating under the ............... department.
a.Labour b. Agricultural c. Irrigation
Answers
Answer:
A . Labour
Explanation:
labour department
Mathematics You are a delivery man ager at Blue Bag, a wholesale bakery. The bakery employs two drivers and owns two trucks. Each truck can deliver up to 175 crates of bread per day. The bakery has standing orders for 340 crates a day, but a new supermarket is opening up, and you expect orders to increase 225%. If you hire two more drivers, you can run two shifts. Will it be enough? Write a paragraph explaining how you found your answer.
Answers
So, if you hire two more drivers, you can run two shifts and so this will be enough.
Here, we take into account that each truck has a maximum capacity of 175 boxes of bread and that the bakery has 2 trucks. So, in order to find the maximum order capacity, multiply the number of boxes of bread by the number of trucks:
175 × 2 = 350
So, if you hire two more drivers, then you can run two shifts and so this will be enough in order to deliver the orders on time. As, after hiring there will be more people who can work to deliver.
Hence, after hiring two more drivers, you can run two shifts, which will be enough.
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What are some of the ripple effects of food waste
Answers
Answer:
Increased wastage of food can prompt expanded quantities of one, which would then be able to place the second in the chain out of equilibrium. The frameworks in the chain are touchy, and even the littlest changes can have an expanding influence on a biological system, lessening its biodiversity.
Explanation: