Question: please answer all the part of the question its do tonight @11:30pm Your company foods that more employees are needed to meet or demands of

please answer all the part of the question its do tonight @11:30pm
please answer all the part of the question its do
please answer all the part of the question its do
Your company foods that more employees are needed to meet or demands of your mandring operation. There are the ways to y reed for more direct homo Orista Wokove the seconds to add a night shift, and the third is to add new employees to your day shift operation If business remains the same, your manufacturing operation will be more profitable with any of the options. However, if business decreases or increases the wisdom of the addition may not be justod Management has estimated the probability that business will be wise, the same or better Each has been assigned a probability Your decision is to determine which is the best strategy to add human resources The following table provides the probabilities and the payoffs for the three strategies. All payott values are in thousands per month Worse Probabil 0.2 Same 07 Better 0.1 Overtime 2nd Shit Hire More 70 90 40 65 38 60 50 80 Answer the following questions Answer all to one decimal place) If you chose the overtime option and business goes down what is your payoll? If you chose the overtime option and business remains the same, what is your payoft? What is the EMV for the overtime option? What is the EMV for the 2nd shift option? What is the EMV for the "hire more employees option? What is the EVwP12 What is the EMV for the 2nd shift option? What is the EMV for the "hire more employees" option? What is the EVwOPI? What is the EVwPi? What is the EVPI? What is the maximum that you could pay someone for perfect information about the business swings? Which options should the company adopt? (Overtime, 2nd, or Hire)

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