Where is the survey cost in EMP because we should be aware of survey cost too. and why you didnt give any information about probilities in c part for example The EV of buying quadruped robots after a negative survey is (0.24 * $50,000) + (0.16 * -$40,000) = $4,000, and the EV of buying robotic arms after a negative survey is (0.24 * $30,000) + (0.16 * -$20,000) = $3,200. par there is no info about why probility is 0.24 or 0.16

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...
icon
Related questions
Question

8

Where is the survey cost in EMP
because we should be aware of
survey cost too. and why you
didnt give any information about
probilities in c part for example
The EV of buying quadruped
robots after a negative survey is
(0.24 * $50,000) + (0.16 *
-$40,000) = $4,000, and the EV of
buying robotic arms after a
negative survey is (0.24 *
$30,000) + (0.16 * -$20,000) =
$3,200. par there is no info about
why probility is 0.24 or 0.16
Transcribed Image Text:Where is the survey cost in EMP because we should be aware of survey cost too. and why you didnt give any information about probilities in c part for example The EV of buying quadruped robots after a negative survey is (0.24 * $50,000) + (0.16 * -$40,000) = $4,000, and the EV of buying robotic arms after a negative survey is (0.24 * $30,000) + (0.16 * -$20,000) = $3,200. par there is no info about why probility is 0.24 or 0.16
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.