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Category > Business & Finance Posted 17 Jun 2019 My Price 7.00

MAT543 Week 7 Discussion

"Decision Analysis" Please respond to the following:

  • Compare the primary strengths and weaknesses of cost-benefit analysis (CBA), cost-effectiveness analysis (CEA), and cost-utility analysis (CUA). Give your opinion on which method you believe to be the most effective in economic evaluation.
  • Using the umbrella decision-making example on page 198 of the textbook, suppose the probability of rain is 0.6, the ruined clothes cost is $30, and the lost umbrella costs are $2. Come to a decision based upon these assumptions, and determine the break-even probability of rain.

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Status NEW Posted 17 Jun 2019 09:06 PM My Price 7.00

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file 1560806717-MAT543 Week 7 Discussion 1.docx preview (387 words )
C-----------omp-----------are----------- th-----------e p-----------rim-----------ary----------- st-----------ren-----------gth-----------s a-----------nd -----------wea-----------kne-----------sse-----------s o-----------f c-----------ost------------be-----------nef-----------it -----------ana-----------lys-----------is -----------(CB-----------A),----------- co-----------st------------eff-----------ect-----------ive-----------nes-----------s a-----------nal-----------ysi-----------s (-----------CEA-----------), -----------and----------- co-----------st------------uti-----------lit-----------y a-----------nal-----------ysi-----------s (-----------CUA-----------). -----------Giv-----------e y-----------our----------- op-----------ini-----------on -----------on -----------whi-----------ch -----------met-----------hod----------- yo-----------u b-----------eli-----------eve----------- to----------- be----------- th-----------e m-----------ost----------- ef-----------fec-----------tiv-----------e i-----------n e-----------con-----------omi-----------c e-----------val-----------uat-----------ion-----------. -----------Pri-----------mar-----------y s-----------tre-----------ngt-----------hs -----------of -----------CBA----------- an-----------aly-----------sis----------- is----------- th-----------at -----------it -----------mea-----------sur-----------es -----------the----------- be-----------nef-----------its----------- in----------- mo-----------net-----------ary----------- te-----------rms----------- an-----------d i-----------t i-----------s s-----------imp-----------ler----------- in----------- na-----------tur-----------e. -----------Tho-----------ugh-----------, o-----------ne -----------lim-----------ita-----------tio-----------n i-----------s t-----------hat-----------, i-----------t c-----------ann-----------ot -----------be -----------use-----------d t-----------o e-----------ffe-----------cti-----------vel-----------y m-----------eas-----------ure-----------
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