Question: Memorandum Remember to write your memo in a concise but yet informative manner. Keep in mind that the memo will be read by a very


Memorandum Remember to write your memo in a concise but yet informative manner. Keep in mind that the memo will be read by a very busy manager who needs to see your recommendation up front and then be able to view details as needed. The example below is from a management science exercise. EXAMPLE: T0: Mr. John Smith FROM: B Robeson DATE:January 12, 2016 SUBJECT: Labor negotiation recommendation It is recommended that the employees be offered a 10% salary increase and to bid $22 per unit on the project to manufacturer private labelled hair dryers for Target. This decision should maximize the expected profit at $121,524 per year. A decision tree approach was used to evaluate the best course of action. Only two alternatives were considered for a raise, either non raise of 10%. Also bids of $20, $21, and $22 were considered. The information provided such as the probabilities of winning the contracts under the various bids and the probability of a strike and length of strike were taken into consideration. Please see the attached decision tree and calculations for your review
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
