Case 21 Freemark Abbey Winery Freemark Abbey Winery was established by the members of partnership. William Jaeger is one of the member own the company. It is located in St. Helena‚ California in the northern Napa Valley where the winery can produce the best grape quality. Each year Freemark Abbey can produce 25‚000 cases of wine bottled and there is 1000 cases of Riesling. (12 bottles of wine in each case) Jaeger needs to make a decision to maximize the profit and minimize the loss depending
Premium Wine Profit maximization Harvest
Freemark Abbey Winery 1. Assuming Mr. Jaeger chooses to harvest the Riesling grapes before the storm arrives‚ how much money will he make? Harvesting before the storm arrives will bring $2.85 per bottle per case of revenue for the Riesling product. EMV = $2.85 c 12‚000 = $34‚200 2. Assuming Mr. Jaeger chooses to leave the grapes on the vine‚ what is the probability that the grapes will end up with botrytis‚ and how much money will he make if that occurs? EMV Botrytis = 12‚000 x .70
Premium Wine Chardonnay Viticulture
UNIVERSIDAD TÉCNOLOGICA CENTROAMERICANA FACULTAD DE POSTGRADO MAESTRIA EN ADMINISTRACIÓN DE PROYECTOS GESTIÓN DE RIESGOS E INTEGRACIÓN DE PROYECTOS CASO No. 3 FREEMARK ABBEY WINERY PRESENTADO POR KARLA ALVARENGA – 10943107 ING. NANCY M. PEREZ DE PINEDA TEGUCIGALPA‚ M.D.C. 02 DE JUNIO DEL 2010. 1. ARBOLES DE DECISIÓN Gran parte del proceso de gestionar riesgos tiene que ver con mirar al futuro e intentar
Premium
chance the grapes become thin or produce no mold and sell at a lower price. Mr. Jaeger must evaluate the risk and the expected revenues related to his different options. The recommendation is that Mr. Jaeger should not harvest the Riesling grapes right now but wait for a better profit given by the possibility of an upcoming rainstorm that may prove to produce a botrytis mold proved to produce a more complex and greater revenue generating wine. It is important for Mr. Jaeger to review the alternatives
Premium Wine Probability theory Tropical cyclone
its impact on young girls comes alive in Northanger Abbey” (pbs.org) This gives even a deeper view into her mind‚ it shows how she views young girls of the time and how they were treated. The events in her life impacting that point of view she gives Catherine in the book. “‘And what are you reading. Miss---’ ‘Oh! It is only a novel’ replies the young lady‚ while she lays down her book with affected indifference‚ or momentary shame” ( Northanger Abbey 26). This shows the type of environment Austen feels
Premium Marriage Family Pride and Prejudice
Westminster Abbey and the Archbishop of Canterbury In the United Kingdom‚ the history goes back for thousands of years. People might change and leave‚ the buildings however do not. One prime example of a famous historic site is the Westminster Abbey; a church built circulating in 1096. Another connection the church has is the Archbishop of Canterbury‚ which is the senior bishop and main leader of the Church of England. Religion is a big part of both places because that is the basis of both of the
Premium Christianity Roman Empire Pope
Freemark Abbey Winery Group ZZZ 1. Construct the decision tree for William Jaeger. 2. What should he do? Jaeger should choose to harvest later and wait for the storm. If the storm does come but destroys the grapes‚ he can decide whether to bottle wine or not to protect winery’s reputation. In either way‚ he will gain higher revenues from harvesting later than harvesting immediately: EV of “Do not harvest & Bottling”: $39240 EV of “Do not harvest & Not bottling”: $39240-$12000*0.6*0.5=$35640
Premium Wine Decision theory Decision tree
Right to Bear Arms The Second Amendment reflects the right of all Americans to own weapons for a legal purpose‚ such as self-defense in the home. It also recognizes the need for weapons to ensure safety for the citizens and keep a well-regulated militia. The prefatory clause refers to the concept of the militia being allowed to bear arms for the safety of the state. The operative clause is very controversial‚ as it discussed the average citizens ability to own a weapon. The District of Columbia
Premium United States Constitution Second Amendment to the United States Constitution Supreme Court of the United States
Decision Analysis Case Study FREEMARK ABBEY WINERY Khurram Masood’s section HLCC Consulting Inc. Julian Hong Nicolas Liao Alan Chen Cheng-Chieh Chao Decision Basis Information Probability of rain‚ mold formation‚ acidity‚ sugar level‚ wine price‚ reputation value‚ detector accuracy‚ spores effectiveness‚ immigration law Mr. Jaeger’s Alternatives Harvest now or later Use detector or not Buy spores or not Sell in bottle or bulk Mr. Jaeger’s Preferences Prefers more money than less
Premium Decision tree Decision theory
Analysis Paper on Arms Trade Treaty Since the creation of man-devised weaponry‚ the issue of inhumane‚ illicit‚ and corrupt arms trade has perpetrated and littered the enterprise with a deluge of human rights violations. An unprecedented‚ though still imperfect‚ solution to mediate the atrocities and grossly negligent surveillance of arms trade was adopted on April 2‚ 2013 by the United Nations (UN) and officially deemed the Arms Trade Treaty (ATT). Garnering widespread‚ global support‚ the ATT
Premium Human rights United States United Nations