An insurance application consists of two forms, F1 and F2. Upon receipt, each application is processed, recorded and separated into F1 and F2. This operation is done by a data-entry clerk and requires 6 minutes. F1 is processed by professional A for 20 minutes per unit and then by professional B for 10 minutes per unit. Professional C processes F2 for 20 minutes per unit. F1 and F2 are then combined and further processed by a loan officer for 15 minutes. The staffing of the process utilizes one each of professionals A, B, and C, one data entry clerk, and one loan officer.

Facing the coming busy season, two new staffs E and F are recently hired. Both of them can do data entry in 10 min, screening F1 in 30 min, rating F1 in 20 min, rating F2 in 20 min. Each of them will be asked to perform a single task.

Required: which positions should E and F be asked to take, respectively?

Aeuropean aircraft producer has spent 15 years in developing a new aircraft that would potential threaten long-lasting boeing's dominance (monopoly) in the same class of aircrafts. the new european aircraft gets high marks on all performance measures except noise. because of the noise, the european producers management is concerned that the us government may impose restrictions which would forbid their aircraft to land in some of the american airports. without restrictions the estimated (present discounted) profit would be 125 million usd. with the restrictions the profit would only be 25 million usd. the chances of both outcomes are estimated to be 50-50. management must decide now whether to the cost of redesign program problem and a 60% chance it will fail. should the european aircraft producer start the noise redesign program if they do not have any redesign parts of the aircraft to solve the noise problem. is 25 million usd. there is a 40% chance that redesign will solve the noise additional information than mentioned above? draw the decision tree, indicate probabilities and outcomes of the events * imagine that the company could find out in advance the outcome of the u.s. government's e find the expected value of perfect information about the u.s. government's decision. decision. draw a new decision tree, indicate probabilities and outcomes of the events.