Question: please help asap for a test Sox Engineeing designs and constructs air conditioning and beating (HYAC) systems for hosplals and clinics. Currontfy the company's staff
Sox Engineeing designs and constructs air conditioning and beating (HYAC) systems for hosplals and clinics. Currontfy the company's staff is ovvrloaded with design work. There in a major detign profect due in 9 weeks. The penaliy for completing the design late is $15,000 per woek, since any delay will cause the faolly to open later than anteipited, and cont the client significant revenue. If the compary uses fas inside engineers to complete the design, it wit rave to puy them overtire for all woek. Sox has osimaled that it will cost $13,000 por wouk (wages and oweihead), inciuding late woeks, to have company ongineers complete the design. Sox is alio considering having an outside engineering fem do the design. A bid of 502 . ovo has been roceived for the completed design. Yet another option for comgioting the design is to conduct a joint design by having a third engineering company complete al electromechanical components of the design at a cost of S56, ooo. Sax would then complele the rest of the design and control systems at an estimated cost of $25,000. Soic has ousimated the following peobabilies of complefing the project within various tre framet when using each of the three options. These estimates are shown in the following table: The expected monetary value wing inside engineers to complele the desigh is $ (Enter your response as an inleger) The expectod monetary value uning an outside engeneevg firm ts complete the dosign is : (Enter your response of an ineger) The expecied monetary value of conducting a joind design is 1 (Enfor your responte as or integec) What is the bet decision bssed on an expected monetary vilue critenion? External engineering hire Joint design internal enginees
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