...Salvatore's Chapter 14: a. Discussion Questions: 12 and 15. b. Problems: spreadsheet problems 1 and 2. 12. What is the rationale behind the minimax regret rule? What are some less formal and precise methods of dealing with uncertainty? When are these useful? The rationale is to reduce the threat associated with business decisions and minimize the mistakes from those decisions. The miscalculations associated with each decision is calculated by subtracting the payoff from the maximum payoff under the same state of nature. The decision maker then determines the strategy with the minimum of these maximum regrets under any possible state of nature. Some of the more informal and less precise methods of dealing with uncertainty include the following: • The acquisition of additional information • Referral to authorities such as the Internal Revenue Service and the Securities and Exchange Commission to remove any uncertainty regarding their specific expertise • Attempting to control the business environment for their respective firms using things such as patents and copyrights. • Diversifying the product line as well as security holdings within the company’s portfolio 15. How does the adverse selection problem arise in the credit-card market? How do credit-card companies reduce the adverse selection problem that they face? To what complaint does this give rise? Adverse selection/negative selection pertains to a market in which unwanted...
Words: 617 - Pages: 3
... TM Now wait for 45 seconds. 30 15 Let’s do it! 1. 6. - Click once when ready. seconds left 20 35 42 41 43 44 45 2 1 3 4 5 2. 3. 4. 5. - 7. That was 8. easy! 9. 10. © Tim Pettry, 2008 Take 45 seconds to memorize these new symbols for the numbers 1 – 10. X TM Write down as many of the new symbols as you can remember? Click when ready To check answers © Tim Pettry, 2008 TM Check your answers 1. 6. - 2. 3. 4. 5. © Tim Pettry, 2008 7. 8. 9. 10. - X Click to discuss when ready TM Click Discussion How many people got all 10 symbols correct? 9? 8? 7? 6? 5 and below? Were you distracted by the countdown on the left? Are there ever distractions when we are trying to learn? © Tim Pettry, 2008 TM Click Discussion continued Which symbols do most people get right? 1 – due to repetition 10 – Its different and it represents the Roman numeral “10” 5 – Its different 7 – Its similar to the number 7 Most people look for a pattern and have difficulty finding it in a short amount of time. We are looking at the pieces rather than the whole. This is sometimes referred to as “Silo Thinking” © Tim Pettry, 2008 TM Now, for you linear thinkers… Click 1 2 3 4 5 6 7 8 9 10 X...
Words: 696 - Pages: 3
...required to meet monthly demand | 1800 x 5 = 9000 | 1500 x 5 = 7500 | 1100 x 5 = 5500 | 900 x 5 = 4500 | 1100 x 5 = 5500 | 1600 x 5 = 8000 | | Hours produces by an operator per month | 22 x 8 = 176 | 19 x 8 = 152 | 21 x 8 = 168 | 21 x 8 = 168 | 22 x 8 = 176 | 20 x 8 = 160 | | Workers required per month | 9000 / 176 = 51 | 7500 / 152 = 49 | 5500 / 168 = 33 | 4500 / 168 = 27 | 5500 / 176 = 31 | 8000 / 160 = 50 | | Aggregate planning | Workers used | 27 | 27 | 27 | 27 | 27 | 27 | | Workers hired | 0 | 0 | 0 | 0 | 0 | 0 | | Workers fired | 3 | 0 | 0 | 0 | 0 | 0 | | Units produced | 27*22*8 /5 = 950 | 27*19*8 /5 = 821 | 27*21*8 /5 = 907 | 27*21*8 /5 = 907 | 27*22*8 /5 = 950 | 27*20*8 /5 = 864 | | Monthly inventory | 0 | 0 | 0 | 7 | 0 | 0 | | Units subcontracted | 1800 – 950 =850 | 1500 – 821= 679 | 1100-907 =193 | 0 | 1100-957 =143 | 1600-864=736 | 2601 | Full cost | Labor cost | 27*22*8*$4 =19000 | 27*19*8*$4 =16420 | 27*21*8*$4 =18140 | 27*21*8*$4 =18140 | 27*22*8*$4 =19000 | 27*20*8*$4 =17280 | 107980 | Material costs | 95000 | 82100 | 90700 | 90700 | 95000 | 86400 | 539900 | Hiring cost | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Firing cost | 3 x $250 = 750 | 0 | 0 | 0 | 0 | 0 | 750 | Inventory carrying cost | 0 | 0 | 0 | 11 | 0 | 0 | 11 | Sub contracting cost | 106250 | 84875 | 24125 | 0 | 17875 | 92000 | 325125 | Total cost | 221000 | 183395 | 132965 | 108851 | 131875 | 195680 | 973766 | Minimum workforce with sub contracting strategy...
Words: 676 - Pages: 3
...The Big Book of Huddle Energizers Ideas to enliven your huddle Contributed by employees of Citibank Singapore Table of Contents Service Value # 1 – Make Each Interaction Personal ................................................. 6 Energizer: Hebrew Numerology ................................................................................... 6 Energizer: Brain Teaser ............................................................................................... 9 Energizer: Human Treasure Hunt............................................................................... 10 Energizer: Secret Hat Trick ........................................................................................ 11 Energizer: Accentuate the Positive............................................................................. 11 Energizer: Name Game.............................................................................................. 11 Energizer: Heart to Heart ........................................................................................... 11 Energizer: Guess my Body Language ........................................................................ 11 Energizer: How to Say Hello in Different Languages ................................................. 12 Energizer: Good Morning Game ................................................................................ 12 Service Value # 2 – Maintain A Professional Image ...................................................
Words: 24325 - Pages: 98
...reading binary. Using a 7-segment display we are able to achieve that by converting the BCD value into a 7 bit output. The 7-segment display has 7 LEDs and a certain amount of voltage triggers each of the 7 segments to produce a decimal number. Procedure 1. Create a truth table for your 4 bit input and the corresponding output necessary to light the proper segments of the display. For example, if the input is represented by WXYZ and the output is identified as ABCDEFG then if the input is 0000, all outer LEDs should be lit while the middle LED should be off. Once you create the rows in a truth table for the other 9 combinations, find the function for each segment. 2. Depending on whether you are dealing with more 0s or 1s, choose NAND or AND gates to implement each segment function. 3. Wire the input DIP switches to the decoder input. Note that you have 2 3x8 decoders. You will need to use the inputs and enable lines to combine them in order to implement these 7 functions. 4. Wire the NAND or AND gates to the proper outputs of the decoders in order to implement the functions for each segment. 5. Wire the outputs of the gates to the proper pin on the 7-segment display (refer to the datasheet for the 7-segment display you are using and remember to use a resistor instead of a jumper. 6. Attach 5V to both common anode pins of your 7-segment display (refer to the datasheet for the 7-segment display you are using). 7. Demonstrate number 0-9...
Words: 1151 - Pages: 5
... money has a tendency to flow to the products that make our lives the most enjoyable. Three of the most notable advances in computer history are servers (formerly known as mainframes), Microsoft Windows, and the Linux operating system. Each one in its own right could fill volumes. However, the objective of this paper is to simply highlight a few of the most prominent features each of these advances has to offer. We will start with the most notorious MS Windows®. Microsoft has been in the computer industry for many years, and it is one of the most well-known companies worldwide, the majority of the operating systems these days are from Microsoft. Windows 7 was a fast selling operating system, historically sold more than 240 million around the globe. Users could tell very fast that Windows 7 was easy to use, it was indeed Microsoft newest and most powerful operating system, it works with...
Words: 2777 - Pages: 12
...New Horizons Computer Learning Center of Cincinnati OFFICIAL MICROSOFT LEARNING PRODUCT 10174A Lab Instructions and Lab Answer Key: Configuring and Administering Microsoft® SharePoint® 2010 New Horizons Computer Learning Center of Cincinnati Information in this document, including URL and other Internet Web site references, is subject to change without notice. Unless otherwise noted, the example companies, organizations, products, domain names, email addresses, logos, people, places, and events depicted herein are fictitious, and no association with any real company, organization, product, domain name, email address, logo, person, place or event is intended or should be inferred. Complying with all applicable copyright laws is the responsibility of the user. Without limiting the rights under copyright, no part of this document may be reproduced, stored in or introduced into a retrieval system, or transmitted in any form or by any means (electronic, mechanical, photocopying, recording, or otherwise), or for any purpose, without the express written permission of Microsoft® Corporation. Microsoft may have patents, patent applications, trademarks, copyrights, or other intellectual property rights covering subject matter in this document. Except as expressly provided in any written license agreement from Microsoft, the furnishing of this document does not give you any license to these patents, trademarks, copyrights, or other intellectual property. The names...
Words: 74170 - Pages: 297
...Windows 7 Upgrade Instructions PSU52U PSU5EU PSMG2U PSMGDU Created: June 20, 2009 Final Revision: October 5, 2009 Revision 2.3 THE INFORMATION CONTAINED IN THIS DOCUMENT IS SUBJECT TO CHANGE WITHOUT NOTICE. © 2009 TOSHIBA America Information Systems, Inc. All rights reserved. TABLE OF CONTENTS TABLE OF CONTENTS ............................................................................................................................... 2 1 WINDOWS 7 UPGRADE HARDWARE INFORMATION .................................................................... 3 1.1 1.2 2 3 HARDWARE INFORMATION .............................................................................................................. 3 W INDOWS 7 MINIMUM REQUIREMENTS ............................................................................................ 3 RD TOSHIBA 3 PARTY SOFTWARE INFORMATION ......................................................................... 3 WINDOWS 7 UPGRADE HALT AND PAUSE INFORMATION .......................................................... 4 3.1 3.2 3.3 3.4 HALT OR PAUSE.......................................................................................................................... 4 W INDOWS 7 UPGRADE HALT ......................................................................................................... 4 W INDOWS 7 UPGRADE PAUSE ...................................................................................................... 4 LIST OF “KNOWN”...
Words: 6462 - Pages: 26
...and services through Windows Live, and Microsoft PC hardware products. Windows & Windows live division have a very significant impact on Microsoft performance, indeed this segment represent 45% of the total operating income. Even if we can observe a slight decrease on income, between 2010 and 2011, higher expenses in marketing and a decrease on the notebook market explain it. However Windows Division revenue is largely correlated to the PC market worldwide, as approximately 75% of total Windows Division revenue comes from Windows operating system software purchased by equipment manufacturers which they pre-install on equipment they sell. The Operating systems Window 7 and Windows XP have great performance with 87% of the market share. Like the consulting team, we advice Microsoft to persevere with windows 7 and continue to optimize it for professional market (+11% in 2011), furthermore prepare windows 8 to be effective on utrabooks and tablets. Indeed, ultrabooks and tablets markets are expected to grow fast. II. Server and Tools Server and...
Words: 305 - Pages: 2
...UNIX, Linux, and Windows Server Critique Abstract The following sections in this paper focus on analyzing operating systems for Riordan Manufacturing Inc. that specializes in plastic molding and design. Team B concentrated on five main areas of UNIX, Linux, and Windows Server. The five areas include Security, Administration, Networking, Performance, and Programmability. The team explains the existing systems, followed by comparing advantages and disadvantages of each operating system. The comparisons provide insight for Riordan’s IT specialist and administration considering which system to implement. Interesting topics that relate to security weaknesses, and advantages that UNIX® and Linux® compare against the operating giant, Microsoft Windows Server®. Security At the present time, Riordan Manufacturing’s network configurations consist of a heterogeneous UNIX and Windows environment. UNIX has been around for more than 40 years and is known for its’ robust power and scalability. According to the Open Group, “Security, which is often seen as a weakness for UNIX-based systems, is ensured using dedicated communication lines and secure communications protocols, along with strict authentication procedures” (para. 42). This means UNIX, just like Windows, requires configurations to make it a more secure system. Setting up file permissions, user access controls, as well as shutting down network services not currently active are just a few of the ways that help close the gap...
Words: 2750 - Pages: 11
...Service Request SR-rm-004, Part 2 Human Resources Information System (HRIS) The Human Resources Information System (HRIS) is the current system used by the Human Resources Department of Riordan Manufacturing. This system handles the company’s 550 employee’s data, plus it performs several other tasks which include the employee’s personal information, hire date, pay rate, and vacation time accrued. This system was installed in 1992 and has yet to be upgraded to handle many different transactions, these transaction are currently handled manually. If any changes in employee status are needed, the manager of that employee will need to fill-out a special form and submit it to payroll for it to be entered into the system. Service Request Advancement in technology has presented a necessity for changes and upgrades to the Human Resources Information System (HRIS). This up-to-date system will switch from manually done transactions to automatic transactions that will provide security, speed, reliability, and save time by eliminating the special forms. Hugh McCauley, company chief operating officer (COO), has requested an analysis of the HR system to integrate the existing variety of tools in use today into a single integrated application (Apollo, 2007). As the company’s interest in being a part of a new state-of-the-art information system technology rises, there are several steps needs to be taken...
Words: 782 - Pages: 4
...plan the installation process. When you run the Windows 7 Setup program, you must provide information about how to install and configure the operating system. Thorough planning can make your installation of Windows 7 more efficient by helping you to avoid potential problems during installation. An understanding of the configuration options will also help to ensure that you have properly configured your system. Here are some of the most important things you should take into consideration when planning for your Windows 7 installation: * Check System Requirements * Check Hardware and Software Compatibility * Determine Disk Partitioning Options * Complete a Pre-Installation Checklist Microsoft states the minimum recommended specs for Windows 7: * 1 GHz 32-bit or 64-bit processor * 1 GB of system memory * 16 GB of available disk space * Support for DirectX 9 graphics with 128 MB memory (to enable the Aero theme) * DVD-R/W Drive * Internet access (to activate and get updates) ------------------------------------------------- 32-bit or 64-bit Version? You need to decide whether to install the 32-bit or 64-bit version of Windows 7. The Windows 7 installation disc package includes both 32-bit and 64-bit versions of Windows 7. Basically, the 64-bit version of Windows handles large amounts of random access memory (RAM) more effectively than a 32-bit system. So if you plan on using Windows 7 on a computer with more than 3 GB or RAM, I would strongly...
Words: 1393 - Pages: 6
...One BSM Fueling Brunei’s Future Shell or Royal Dutch Shell Plc is a Dutch-British multinational oil and gas company with its headquarters at the Netherlands. It has operations in over 90 countries and has 44,000 service stations worldwide. Shell has been in Brunei Darussalam since 1929 with over 14,000 staff and contractors. Presently, there are 4 venture companies in Brunei which includes Brunei Shell Petroleum Sendirian Berhad (BSP), Brunei Liquefied Natural Gas (BLNG), Brunei Shell Tankers (BST) and Brunei Shell Marketing (BSM). BSM is a joint venture between His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam and Shell Overseas Holding Limited. BSM operates at Bandar Seri Begawan, Mura Depot and Brunei International Airport Depot with over 70 employees. BSM is the downstream line of the oil and gas industry in Brunei Darussalam. This means that BSM is responsible for marketing and distributing Shell fuels and other products such as lubricants, Jet fuels and Bitumen. Retail Stations BSM is the sole distributor of fuels in the country with 38 retail stations across the 4 district in the country. Currently, of the 38 stations in the country two of which is Company Owned and Company Operated (COCO) and the remainder are Dealer Owned Dealer Operated (DODO). However, BSM faces competition on their other products such as lubricants and Bitumen. Current state Currently, only the two COCO stations are up to par with Shell Global Standards while most DODO dealers...
Words: 1817 - Pages: 8
...networked. However, his business is growing substantially and he is thinking about becoming networked. His IT infrastructure, as small as it is, consists of several stand-alone machines installed with Windows 7 Home Premium. Write a two to three (2-3) page paper in which you analyze and solve the following issues: Mr. Green recommends installing the Windows 7 Ultimate version since he believes all the networking features he requires can be provided by this “ultimate” version. Mr. Green’s stand-alone machines consist of 2 GHz processors, 4 GBs of system memory, and approximately 350 GBs of free hard drive space. At the same time, Mr. Green is concerned that this potential new edition may not be the correct one for his needs although he wants to experiment with it and be able to resort back to the previous version, if possible. 1. List and explain the concerns about Windows 7 Ultimate’s capabilities that Mr. Green should be aware of currently. 2. List and explain the concerns about Windows 7 Ultimate’s capabilities that Mr. Green should be aware of down the line as his business and network grows. 3. Use Excel, Visio, MS Project, or one of their equivalents such as Open Project, Dia, or OpenOffice to illustrate the steps of the most efficient method for Mr. Green to install Windows 7 Ultimate. Note: The graphically depicted solution is not included in the required page length. 4. Explain your...
Words: 910 - Pages: 4
...Advanced Learner’s Dictionary–3rd Edition (CALD3) with a PC, you must have: · 350 MHz processor or faster (800 MHz processor recommended) · Windows® 2000, XP, Vista or 7 · Super VGA 16-bit colour, 800 x 600 resolution · CD-ROM or DVD-ROM drive · 300 MB free hard disk space (900 MB free hard disk space recommended) · 256 MB RAM (512 MB RAM recommended) · Adobe® Reader® 7, 8 or 9 · sound card with speakers or headphones · a mouse or other pointing device · a microphone if you wish to record yourself speaking. To install CALD3 on a PC To install CALD3 on your computer, complete these steps: 1. Turn on your computer. 2. Insert the CD in your CD-ROM drive. Follow the instructions on your screen as CALD3 installs automatically. You must be allowed to install software on your computer, i.e., have Administrator privileges. If CALD3 does not install automatically, complete these steps: i. (Windows Vista and 7) Click the START button, then click COMPUTER. (Windows 2000 and XP) Double click on MY COMPUTER. ii. Right-click on your CD-ROM drive and choose EXPLORE to view the contents of the CD. iii. Double-click on the file ‘setup.exe’ and follow the instructions. How to upgrade to QUICKfind version 1.1 To use the QUICKfind feature of the dictionary with Windows® Vista® or 7 and Internet Explorer® 7 or 8, you must have the latest version of QUICKfind (version 1.1), which is included on your CD-ROM. If you have an earlier version of QUICKfind on your computer, and...
Words: 535 - Pages: 3
