Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Management Theories Expert

Problem1. describe the three different types of decision models.

Problem2. An investment trust manager wishes to buy a portfolio of shares and he has sufficient funds to buy either portfolio A, portfolio B or portfolio C. The potential gains from his investment will depend upon the economy over the next 5 years and the following estimates have been made:

1152_portfolio.jpg

(a) Which strategy should be selected if the manager applies?

(i)  The maximax criterion?

(ii) The maximin criterion?

(iii) The equal likelihood criterion?

(b) If the manager is realist and believes that the correct decision technique to determine the best alternative is to use a coefficient of realism of 0.75, find out his criterion of realism.

(c) The manager estimates that the probability that the economy will grow over time is 0.5, while the probability of a recession is estimated at 0.2. find out the best decision using the expected monetary value criterion.

(d) find out the expected opportunity loss for each decision, and hence determine the optimal decision.

(e) A leading consulting firm is prepared to give more accurate estimates for the probabilities for a fee $250 000. Would it be worthwhile outsourcing?

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M95773

Have any Question? 


Related Questions in Management Theories

What is the difference between authentication and

What is the difference between authentication and authorization? Can a system permit authorization without authentication? Why or why not? What is the most widely accepted biometric authorization technology? Why? What is ...

The key assignment first draft should contain material from

The Key Assignment first draft should contain material from Parts 1-4 and should be 1,250-1,600 words. For this unit's assignment, you are to add the following section to your draft: Quality Tactics and the Logistics and ...

Questions -as a reminder answers must demonstrate not just

QUESTIONS - As a reminder, answers must demonstrate not just factual knowledge as presented in readings and class meetings, but also comprehension and critical thinking. These are not questions that can be answered with ...

Identity the supply chain process of anti retro virus drugs

Identity the supply chain process of anti retro virus drugs by NACO of GOVT OF INDIA With its comparable to planning framework and enables with four different head 1.demand management 2.supply management 3. enablers 4. i ...

Historical overview of water sustainability and

Historical Overview of Water Sustainability and Treatment Write a 1050- to 1,400-word paper investigating a historical water contamination event. Examples include but are not limited to: BP Oil Spill Japanese Tsunami of ...

1 when choosing recommended practices what limitations

1. When choosing recommended practices, what limitations should you keep in mind? 2. What is baselining? How does it differ from benchmarking? 3. What are the NIST-recommended documents that support the process of baseli ...

Questionas a supply chain consultant for a global company

Question: As a supply chain consultant for a global company one has to be aware of the extra costs of importing goods into the US. US Customs can add significant costs to ownership when you add Anti-Dumping (AD) and Coun ...

Write in 300 wordscompare and contrast needs-based theories

Write in 300 Words. Compare and contrast needs-based theories of motivation. Which offers the most value to healthcare managers? Discuss the role of thinking processes in organizational communication and problem solving. ...

The company that you will do research on is ferrore it is a

The company that you will do research on is Ferrore. It is a chocolate company. The product of this company that you will do research on is Nutella. Answer questions briefly. in total it will be 6 page. put your answer f ...

For this assignment write a minimum of 4 pages in length

For this assignment, write a minimum of 4 pages in length describing your intervention plan to lead the people in conflict toward transformative change. Be sure to use the unit lesson as a guide. Incorporate at least fiv ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro