Jose Romero Week 1 Ethical Dilemma Ethical Decisions The case between the natural parents and foster parents of the girl who was taken by the court and placed in a foster home due to her natural parents’ drug addiction‚ is absolutely a difficult case that presents ethical dilemmas. Although the girl’s foster parents practically raised the child‚ the court decided to return her to the natural parents. This case poses a critical question; who are the child’s real parents. Most will argue that
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Decision making across the organization Introduction Capital Intensive: A business process or an industry that requires large amounts of money and other financial resources to produce a good or service. A business is considered capital intensive based on the ratio of the capital required to the amount of labor that is required. (investopedia) Labor Intensive: A process or industry that requires a large amount of labor to produce its goods or services. The degree of labor intensity is typically
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Decision Tree Psy/410 The scenario chosen for this portfolio involves a woman seeking help with her addiction to methamphetamines. She wants to free her life from drugs but does not know how or where to start. Missouri offers several organizations and hotlines to help individuals get clean and sober. Center for addictions‚ SIGMA house‚ and Carol Jones alternative opportunities are all rehabilitation centers that offer both in and outpatient treatment. The Burrell center has a collaboration of
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The MBA Decision NPV Options for Ben: 1. Keep Working Salary = $60‚000‚ tax rate = 26%‚ because of tax rate‚ c = $44‚400 R (discount rate) = 6.5% G (growth rate) = 3% T (the number of period working) = 40 So : Present Value (PV) of Growing Annuity. PVW = C ((1 – ( (1+g)/(1+r))t)/ r – g ) PVW= $44 400 ((1 – ((1+3%)/(1+6.5%))40)/ 6.5% - 3%) PVW = $44 400 ((1 – (1.03/1.065)40)/ 0.035) PVW = $ 44 400 ((1 – 0.2627) / 0.035) PVW = $44
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10:35 AM Page 96 Chapter 4 DECISION ANALYSIS CONTENTS 4.1 PROBLEM FORMULATION Influence Diagrams Payoff Tables Decision Trees DECISION MAKING WITHOUT PROBABILITIES Optimistic Approach Conservative Approach Minimax Regret Approach DECISION MAKING WITH PROBABILITIES Expected Value of Perfect Information RISK ANALYSIS AND SENSITIVITY ANALYSIS Risk Analysis Sensitivity Analysis DECISION ANALYSIS WITH SAMPLE INFORMATION An Influence Diagram A Decision Tree Decision Strategy Risk Profile Expected
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associated with the solution of LPP. In this class‚ these aspects will be discussed with the help of an example. However‚ this visualization is possible for a maximum of two decision variables. Thus‚ a LPP with two decision variables is opted for discussion. However‚ the basic principle remains the same for more than two decision variables also‚ even though the visualization beyond twodimensional case is not easily possible. Let us consider the same LPP (general form) discussed in previous class‚ stated
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the environment of hospital is socially conservative‚ it might be possible that some board of members would disagree and some would agree‚ but at the end they have to look that the outcome is going to be beneficial for this hospital. Firstly‚ this decision would save them from litigation in future. Moreover‚ it affects employee’s productivity and morale of other employees. As this is disadvantage of this hospital‚ thus in order to retain the employees she needs to fix this issue. According to EBRI
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1. Pricing decisions Factors to consider when setting prices All profit organizations and many non profit organizations must set prices on their products or services. Simply defined‚ price is the amount of money charged for a product or service. More broadly‚ price is the sum of the values consumers exchange for the benefits of having or using the product or service. A company ’s pricing decisions are affected both by internal company factors and by external environmental factors. These factors
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Chapter 3 – Question 28 (a) Develop a decision table for this decision? Decision Alternatives | Market (‘000) | | Good | Fair | Poor | Small | 50 | 20 | –10 | Medium | 80 | 30 | –20 | Large | 100 | 30 | –40 | Very Large | 300 | 25 | –160 | (b) What is the maximax decision? Decision Alternatives | Market (‘000) | Maximax decision shall be the maximum value of a row/decision alternatives | Maximax Decision Alternative | | Good | Fair | Poor | | | Small
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Rational Decision Making How do you make lucrative decisions for a company or an organization? Decision making is the process in which you identify problems‚ consider alternatives‚ gather information and act decisively but prudently that can give you profitable outcomes for your organization. As a decision maker it involves effective techniques to accomplish your goals and make decisions that are result of an intelligent deliberation. It’s mandatory to take every decision in the light of some logical
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