EMSE 6020: Decision Making with Uncertainty HOMEWORK 4‚ SUMMER 2013 Instructor: Joost Santos DEADLINE: June 27‚ 2013 Problem 1: (2 pts) Two contractors (1 and 2) placed a bid on a road construction project. They were each asked to provide percentile estimates of the time (x‚ in years) it would take the road to undergo a major maintenance after its completion. We seek to maximize this time variable x‚ as larger values imply better structural integrity as well as cheaper projection of the net
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Good morning‚ In regards to the current lease of your office building expiring and potential plans for a lease extension‚ I have done research using the FASB Codification to answer your questions below. 1. If you take the approach to make an up-front payment to the lessor of $2.3 million and extend the lease at current terms for another ten years‚ you will in effect have a new lease. Under the guidance of ASC 840-10-35‚ the extension of the lease is viewed as a new agreement and the classification
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Aim The main aim of this policy memo is to present information about problem of waste utilization in Kazakhstan and propose some recommendations for solving this problem. Executive summary According to the Ministry of environmental protection on the territory of Kazakhstan has accumulated 22 billion tons of waste‚ including 96 million tons of solid household waste. Annually the volume of accumulated waste is growing 700 million tons. Its main mass without separation into components removed and
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Monetary Policy v/s Fiscal Policy The Great Recession which set in 2007-08 claimed several victims on its way. The consideration of major central banks’ attitude of ‘Too-big-to-fail’ looked docile. The whimsical products were nothing but masks to cover risks. Rating agencies lost their reputation. Central banks of developed countries which were entrusted with monetary policies‚ were the most pitiable victims. They seemed to be working like a computer program where all that one has to do is to change
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Schools have policies and procedures so that the governors‚ staff‚ parents and others who are involved with the running of the school‚ are able to work from a set of guidelines which are followed by all‚ which gives clear comprehensive consistency. There are a lot of different policies relating to all different aspects of procedures and should be accessible should they need to be referred to. Although each school will have there own set of policies with varying titles or a slightly different list
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The Federal Reserve implements monetary policy through changes in money supply as well as the rate at which banks lend money to each other overnight. Fiscal policy‚ on the other hand‚ is controlled by congress and the White House and is implemented through changes in government spending and taxes. An example of fiscal policy was when congress passed the American Recovery and Reinvestment Act in 2009 to stimulate the economy and prevent
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implementation in the policy making process. It will describe the role that governmental agencies play in the implementation process‚ the affect that implementation has on policy‚ outline how governmental agencies affect policy through the implementation process and describe what types of factors affect policy implementation. Before addressing the previously listed issues‚ it is first necessary to describe what implementation is‚ specifically in regards to the policy making process. Policy implementation
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The Policy Process: Part I 2 In today’s society health care policies are very important. Health care policies are plans‚ actions‚ and decisions that are taken to achieve health care goals within a society or organization. Having health care policies can achieve health many things such as an outline for priorities and a vision for the future. Health care policies focus of
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What is a Policy? A policy is a guiding principle used to set direction in an organization. It can be a course of action to guide and influence decisions. It should be used as a guide to decision making under a given set of circumstances within the framework of objectives‚ goals and management philosophies as determined by senior management. But is it? There are really two types of policies. The first arerules frequently used as employee policies. The second are mini-mission statements frequently
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Economics Paper Monetary Policy The term ’Monetary Policy ’ refers to what the Federal Reserve (Fed) and the National Central Bank does to influence the amount of money and the credit of the U.S. Economy. What happens to money and credit affects the interest rate and the performance of our economy. The definition of the Monetary Policy is the regulation of the money supply and interest rates by the central bank and the Federal Reserve Board‚ in order to control inflation and stabilize the
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