solution

/in /by

SciTools Incorporated, a company that specializes in scientific instruments, has been invited to make a bid on a government contract. The contract calls for a specific number of these instruments to be delivered during the coming year. The bids must be sealed, so that no company knows what the others are bidding, and the low bid wins the contract. SciTools estimates that it will cost $90k to supply the instruments if it wins the contract. The company is deciding to bid against the competitors. On the basis of past contracts of this type, SciTools believes that the competitors’ bids are based on the following probabilities and they have created the payoff table as follows.

Probability 0.45 0.2 0.35
Competitors’ lowest bid is between $110k and $130k between $130k and $145k more than $145k
bid 110k (low) 20k 20k 20k
bid 130k (medium) 0 40k 40k
bid 145k (high) 0 0 55k

Note: You can drop 3 zeros for numbers in thousands.
How much (in thousands) is the expected payoff if the company bids low?
How much (in thousands) is the expected payoff if the company bids medium?
How much (in thousands) is the expected payoff if the company bids high?
What is the best decision based on expected value approach? (Bid Low/Bid Medium/Bid High)
How much (in thousands) is the expected payoff if the company has full information about competitors’ bid?
Calculate the expected value of perfect information (in thousands)?
How much (in thousands) is the maximum regret of the company if they bid low?
How much (in thousands) is the maximum regret of the company if they bid medium?
How much (in thousands) is the maximum regret of the company if they bid high?
What is the best decision based on minimax regret approach? (Bid Low/Bid Medium/Bid High)

 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

solution

/in /by

Assignment Instructions:

• Please read Chapters 2, 3 and 4 in your textbook “Organization development and change.” (10th ed.) by Cummings, T., & Worley, C.

• Be sure to use at least two scholarly, peer-reviewed reference in support of your answers and also incorporate the key concepts from the course.

• Please read the case study entitled as “Contracting for Success: Scoping Large Organizational Change Efforts.” available in the textbook “Cases and Exercises in Organization Development & Change” 12th edition by D. Anderson and answer the following questions:

Assignment Question(s):

1. Name and discuss the critical success factors for Valley Medical Center. (1.5 Mark)

2. As an OD practitioner, what are the steps you would take as you begin the entry and contracting phase? (1.5 Marks).

3. Valley Medical Center is experiencing a great deal of change. What recommendations would you make to help them more effectively handle the change they are experiencing? (2 Marks)

 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

solution

/in /by
Question 4 (2 points) Crisp, succinct, meaningful quotes spice up any story. True False Question 5 (2 points) Which is the correct attribution? O “I’m excited to work for such a great institution,” the new athletic director said. “I’m excited to work for such a great institution,” the new athletic director said in a news release. Question 6 (2 points) What is PPR? Public Preparation for Reporting Preparation Public Reporting Practicing Prepublication Review Prepublication Practicing Rating Question 7 (2 points) Which is the BEST use of partial quotes? The speaker said she was “pleased and thrilled with the students’ attendance.” The speaker said she was “pleased and thrilled” with the students’ attendance. The speaker said she was thrilled by the students’ attendance.
 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

solution

/in /by
1- Calculate the amount of material in m3/sec that will flow through the die where the orifice diameter is 74 mm, the die has a land length of 0.87 mm, the pressure across the die is 4,636 Pa, and the viscosity is 61 Pa:s. 2- Calculate the amount of material in cm3/s that will flow through a die where the orifce radius is 4.4 mm, the die has a land length of 4.8 mm, the pressure across the die is 4,940 Pa, and the viscosity is 22 Pa:s 3. An extruder has a barrel diameter of 3.31 inches and a length of 70.9 inches. The screw has a channel depth of 0.17 inches, a flight angle of 19.6 degrees, and it rotates at 52 RPM. The material being extruded is low density polyethylene. At the present settings, the volumetric flow rate of the polymer melt is 2.25 in3/sec and the head pressure is 587 1b/in2. Determine the viscosity of the polyethylene under these operating characteristics in terms of lb:sec/in2.
 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"