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

1 backgroundin the classic inventory model presented in

1 Background In the classic inventory model presented in Lecture 7, it is assumed that the quality of all products is satisfactory, so that they can be sold to the market eventually. In practice however, product quality ...

Minimizing supply chaindisruption risk through

Minimizing supply chain Disruption risk through enhanced ?exibility Joseph B. Skipper Department of Operational Sciences, School of Engineering and Management, Air Force Institute of Technology, Dayton, Ohio, USA, and Jo ...

Assignmentabstractdisaster recovery and business continuity

Assignment ABSTRACT Disaster Recovery and Business Continuity (DR/BC) planning is an issue that students will likely come in contact with as they enter industry. Many different fields require this knowledge, whether empl ...

Identify and discuss key issues in benefit planning design

Identify and discuss key issues in benefit planning, design, and administration. Be certain to discuss the four major administrative issues that arise on setting up a benefit package (325 Words). Key Issues in Benefit Pl ...

1 what types of measures are used for infosec management

1. What types of measures are used for InfoSec management measurement programs? 2. According to Gerald Kovacich, what are the critical questions to be kept in mind when developing a measurements program? 3. What factors ...

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 ...

With the same talent management strategy in mind from

With the same talent management strategy in mind from Assignment 3, write a six to eight (6-8) page paper in which you: 1. Determine which performance management process you will employ to measure employee talent. 2. Ana ...

Research and find a cool supply chain technology that is

Research and find a cool supply chain technology that is being used to insure safe and healthy foodstuffs within a retail business of our choice. What federal regulations must that followed to insure such safe and health ...

Assignment organization website reviewdirections select

Assignment: Organization Website Review Directions: Select either an international service organization or a multinational corporation and conduct a preliminary assessment of their website. In your review: Explain your i ...

In this paper examine your organizations generic and

In this paper, examine your organization's generic and diversification strategies, its international moves, and its ethics, social responsibility, and environmental sustainability practices. Submit your work in your assi ...

  • 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