1. No course. The probability to get the raise is 0.2, so the EMV = 0.2 *10,000 + 0.8 * 0 = 2,000
2. Takes Attosoft: The probability is calculated by multiplying the probability to get the raise in case of passing the course with the raise itself, adding the product of the probability of getting the raise and the raise in case the course is not passed, but decreasing the overall cost of the course.
EMV = 0.4*10,000 + 0.2*10,000-3,000 = 3,000
3. Takes BSS, module 1 With a similar mechanism as previously presented,
EMV = 0.6*10,000 + 0.2*10,000-5,000 = 3,000
4. Takes BSS modules 1 and 2 With a similar mechanism as previously presented,
EMV = 0.8 * 10,000 + 0.6* 10,000-7,000 (the sum of both courses) = 7,000
As we can see from the calculation of the EMV for all four options/branches, the best option is to take modules 1 and 2 of BSS, maximizing the overall value.
Case 4 - Sensitivity analysis
A.: Driving the car means that the total distance is 60 miles times the 3.50 hours, which is equal to 215 miles. This means that to the cost of driving there is an additional cost of 40.5 cents times 215 miles, which is equal to $87.075.
To the U.S. Airways flight, one needs to add the additional cost of the taxi ride, which is equal to $15.
1) only business travelers
Benefits
Transport
Speed
Cost
Utility
Costs
Weighted attributes
Amtrak
Acela Express
Airplane
Personal Car
2) only leisure travellers
Benefits
The best way of marketing would probably be to provide additional services during the trip that can increase the comfort for both the leisure and the business traveler on his way to New York. This could also, however, increase the costs for the company, which might impact the buyer himself.
START
Does AttoSoft course
Does no course
Does BSS course mod1
Does BSS course mod2
K/4
J/4
I/7
H/6
G/8
F/6
E/10
D/12
C/4
B/9
A/6
Decision Making, Impulse Control, And Cognitive Development Cognitive development entails the development in children with respect to processing of information, conceptual resources, skills in perception, learning the language and development of the brain. Piaget and Vygotsky advance theories explain cognitive development in children. These theories are similar in some aspects, yet they still differ about issues (Nakagaki, 2011). Piaget gives four stages to explain cognitive development whereby he advances that each
Decision Making and Accounting Theories Business owners find that they always have to put on business hats when they are starting up or managing their businesses. However in business it is not the owners who are meant to make decisions only, decisions can also be made by employees. When classification of business decisions is done it is on the basis of how predictable that particular decision is. Programmed decisions are those
Decision Support System Executive Presentation Paper for Decision Support System (DSS) Communication remains a crucial element for the success of any organization, relationship or industry. The factor that makes it so crucial is the aspect of decision making in the practice. Communication and decision-making are simply inseparable. It is impossible to make a conclusive and quality design that concerns and affects more than one person. This is especially so for the business
The two scenarios are likely to sway employees to provide false information if they are encouraged. However, the relationship had much strength in the positive. Therefore, in this study, there were clear choices. The participants were required to either tell the truth or lie. If things were easy for individuals in the world, lines of making moral decisions tend to be much fuzzier, however, the bottom line remains the same
Decision Support System (DSS) Assuring a safe and secure it (IT) atmosphere for that exchange of business has been a significant problem. The degree related to the task has been increasing annually, as assailants become a little more well-informed, more driven, and more vivid within their endeavours. Based on a lead security professional at International Data Corporation, a worldwide supplier of marketplace data and advisory services to the IT network, "Rising
Decisions in Paradise The many infrastructure and culturally-based challenges that Nik, his team and Mr. Morales face illustrate how challenging new business development can be in an island nation the size and location of Kava. What is immediately apparent from the case is that there is ample opportunity to enrich the island's economy and people while also building a strong, scalable business at the same time. Today however the island nation
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now