The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | Apr 2017 |
| Last Sign in: | 57 Weeks Ago, 2 Days Ago |
| Questions Answered: | 7570 |
| Tutorials Posted: | 7352 |
BS,MBA, PHD
Adelphi University/Devry
Apr-2000 - Mar-2005
HOD ,Professor
Adelphi University
Sep-2007 - Apr-2017
Assignment: reconstruct the problem with Design 3 alternative added to the problem  Favorable Market - probability 0.7  Payoff $10,600,000.  Non-favorable Marker  - probability 0.3 Payoff $100,000.  Just a reminder, the following are the input data for design 1 and design 2  Design 1  Favorable Market - probability 0.7  Payoff $10,000,000.  Non-favorable Marker  - probability 0.3 Payoff $500,000.  Design 2  Favorable Market - probability 0.7  Payoff $10,500,000.  Non-favorable Marker  - probability 0.3 Payoff $200,000.  The task is to select the best design.
MA6-----------600----------- LP-----------1 S-----------emi-----------nar-----------Â -----------