10:35 AM Page 96 Chapter 4 DECISION ANALYSIS CONTENTS 4.1 PROBLEM FORMULATION Influence Diagrams Payoff Tables Decision Trees DECISION MAKING WITHOUT PROBABILITIES Optimistic Approach Conservative Approach Minimax Regret Approach DECISION MAKING WITH PROBABILITIES Expected Value of Perfect Information RISK ANALYSIS AND SENSITIVITY ANALYSIS Risk Analysis Sensitivity Analysis DECISION ANALYSIS WITH SAMPLE INFORMATION An Influence Diagram A Decision Tree Decision Strategy Risk Profile Expected
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Warehouse 2 Warehouse 3 Shanghai $4 $3 $3 Shuzworld H $3 $4 $2 Shuzworld F $2 $4 $6 Table A.3 - Low-Cost Method Data COSTS W1 W2 W3 Supply Shanghai 4 3 3 1300 Shuzworld H 3 4 2 2300 Shuzworld F 2 4 6 2200 Demand 2500 1500 1800 5800 \ 5800 Shipments Shipments W1 W2 W3 Row Total Shanghai 0 1300 0 1300 Shuzworld H 300 200 1800 2300 Shuzworld F 2200 0 0 2200 Column Total 2500 1500 1800 5800 \ 5800 Total Cost 13600 Table A.4 – Low cost method with Increased
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understanding and to check that it is your original work 3. You need to submit Assessment Cover Sheet for each assessment. 4. You are permitted to use dictionaries and to seek support‚ as required. 5. Where your work has been deemed as unsatisfactory‚ you will be permitted to resubmit the assessment. Refer to RGIT reassessment policy and procedure. 6. Unless the assessment task specifically allows pair work or group activities such as brainstorming‚ you must submit their own original work and are
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Chapter 1 Cost Management and Strategy Cases 1-1 Critical Success Factors 1-2 Contemporary Management Techniques 1-3 Pricing 1-4 Selected Ethics Cases 1-5 Strategy: Branding Beef 1-6 Sales‚ Profits‚ and Competitive Strategy Readings 1-1 “Are You a Business Partner?” Parts 1 and 2 by Gary Siegel‚ James E. Sorensen‚ and Sandra Richtermeyer‚ Strategic Finance (September and October 2003). This article is based on interviews of 100 accountants who
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l 1) "Standard setting is a political process ’. Explain and discuss. The essay is aim to explain why standard setting is a political process and discuss how political involvement affects the process of accounting standard setting. Accounting standard setting plays an important role in conveying users that how‚ when and where the financial information of a company is disclosed. Standards‚ particularly changes in standards‚ can have significant differential effects on companies‚ investors and
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Chapter 3 – Question 28 (a) Develop a decision table for this decision? Decision Alternatives | Market (‘000) | | Good | Fair | Poor | Small | 50 | 20 | –10 | Medium | 80 | 30 | –20 | Large | 100 | 30 | –40 | Very Large | 300 | 25 | –160 | (b) What is the maximax decision? Decision Alternatives | Market (‘000) | Maximax decision shall be the maximum value of a row/decision alternatives | Maximax Decision Alternative | | Good | Fair | Poor | | | Small
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Pessimistic A 4 6 8 B 6 8 16 C 2 4 6 D 8 10 24 E 7 10 13 F 4 6 8 G 4 6 20 H 4 6 8 I 4 6 14 J 3 4 5 K 2 4 6 Where mean (expected time)‚ t = (a + 4m + b) / 6 tA = (4 + 4(6) + 8) / 6 = 6 tB = (6 + 4(8) + 16) / 6 = 9 tC = (2 + 4(4) + 6) / 6 = 4 tD = (8 + 4(10) + 24) / 6 = 12 tE = (7 + 4(10) + 13) / 6 = 10 tF = (4 + 4(6) + 8) / 6 = 6 tG = (4 + 4(6) + 20) / 6 = 8 tH = (4 + 4(6) + 8) / 6 = 6 tI = (4 + 4(6) + 14) / 6 =
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CREATE Research Archive Published Articles & Papers 1-1-1980 Structuring Decision Problems for Decision Analysis Detlof von Winterfeldt University of Southern California‚ winterfe@usc.edu Follow this and additional works at: http://research.create.usc.edu/published_papers Recommended Citation von Winterfeldt‚ Detlof‚ "Structuring Decision Problems for Decision Analysis" (1980). Published Articles & Papers. Paper 35. http://research.create.usc.edu/published_papers/35 This Article
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Stephan Everingham EGT1 Task 4 In a time of global commerce‚ new business ventures can take on many forms. What used to be local or even national companies have become world-wide. International growth of a business can be extremely beneficial but is not without its challenges. Different countries have different peoples and different cultures - different ways of doing business altogether. If a venture is to be successful‚ these differences must be well understood. Let us consider China
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hopefully enabling them to increase their self-esteem and reach self-actualisation. Within my functional English classes I often allow students to reflect on their own work and give themselves a mark. I then issue a perfect model piece answering the task at hand. Students can then reflect on their own
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