A Manager Is Quite Concerned About the Recent Deterioration of a Section

question 21

Essay

A manager is quite concerned about the recent deterioration of a section of the roof on a building that houses her firm's computer operations. According to her assistant there are three options which merit consideration: A, B, and C. Moreover, there are three possible future conditions that must be included in the analysis: I, which has a probability of occurrence of .5; II, which has a probability of .3; and III, which has a probability of .2. If condition I materializes, A will cost $12,000, B will cost $20,000, and C will cost $16,000. If condition II materializes, the costs will be $15,000 for A, $18,000 for B, and $14,000 for C. If condition III materializes, the costs will be $10,000 for A, $15,000 for B, and $19,000 for C.
(i) Draw a decision tree for this problem.
(ii) Using expected monetary value, which alternative should be chosen?

Understand the effects of climate change and pollution on ecosystems and wildlife.

Identify challenges and limitations of current conservation laws and policies.

Understand the timeline and key milestones in prenatal development.

Identify the factors that affect prenatal development, including environmental toxins and maternal health behaviors.