You work for a large company. One of your colleagues in your department has quitted and yo

u are in charge of his job now. Write an email to all staff: telling them why you are in charge of the current job saying how they can contact you expressing your hope for future job. Write 40-50 words. To: all staff From: Jack Smith Subject: Department Transfer

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第1题

Cement Co is a company specialising in the manufacture of cement, a product used in the bu

ilding industry. The company has found that when weather conditions are good, the demand for cement increases since more building work is able to take place. Last year, the weather was so good, and the demand for cement was so great, that Cement Co was unable to meet demand. Cement Co is now trying to work out the level of cement production for the coming year in order to maximise profits. The company doesn’t want to miss out on the opportunity to earn large profits by running out of cement again. However, it doesn’t want to be left with large quantities of the product unsold at the end of the year, since it deteriorates quickly and then has to be disposed of. The company has received the following estimates about the probable weather conditions and corresponding demand levels for the coming year:

Each bag of cement sells for $9 and costs $4 to make. If cement is unsold at the end of the year, it has to be disposed of at a cost of $0·50 per bag.

Cement Co has decided to produce at one of the three levels of production to match forecast demand. It now has to decide which level of cement production to select.

Required:

(a) Construct a pay off table to show all the possible profit outcomes. (8 marks)

(b) Decide the level of cement production the company should choose, based on the following decision rules:

(i) Maximin (1 mark)

(ii) Maximax (1 mark)

(iii) Expected value (4 marks)

You must justify your decision under each rule, showing all necessary calculations.

(c) Describe the ‘maximin’ and ‘expected value’ decision rules, explaining when they might be used and the attitudes of the decision makers who might use them. (6 marks)

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第2题

Because of the _____ emphasis placed on classroom

work, the instructor will report your absences to the adviser.

(A) large (B) strong (C) hard (D) high

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第3题

emphasis placed 选择

Because of the _____ on classroom work, the instructor will report your absences to the adviser.

(A) large (B) strong (C) hard (D) high

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第4题