Question:
The operations manager for a well-drilling company must recommend whether to build a new facility, expand his existing one, or do nothing. He estimates that long-run profits (in $000) will vary with the amount of precipitation (rainfall) as follows:
Alternative Precipitation
Low Normal High
Do nothing -100 100 300
Expand 350 500 200
Build new 750 300 0
If he feels the chances of low, normal, and high precipitation are 30 percent, 20 percent, and 50 percent respectively, What is EVPI (Expected value of Perfect Information)?
A. $140,000
B. $170,000
C. $285,000
D. $305,000
E. $475,000
Answer:
D. $170,000
Explanation:
The expected long run profits are for
Low Normal High
Do nothing -100*0.3 100*0.2 300*0.5 = 140
Expand 350*0.3 500*0.2 200*0.5 = 305
Build new 750*0.3 300*0.2 0*0.5 = 285
Therefore the expected long run profits are
$140,000
$305,000
$285,000
Based on his selected option being either to build new or to expand, the most profitable option is to expand
=$305,000
EVPI = EPPI-EMV =$170,000
Answer:
The fireman will continue to descend, but with a constant speed.
Explanation:
In kinetic friction <em>(which is the case discussed here) </em>since the fireman is already in motion because of a certain force, once the frictional force matches the normal force, the fireman will stop accelerating and continue moving at a constant rate with the original speed he had. We will need a force greater than the normal force acting on the fireman to cause a deceleration.
We need to understand the difference between static friction and kinetic friction.
Static friction occurs in objects that are stationary, while kinetic friction occurs in objects that are already in motion.
In static friction, when the frictional force matches the weight or normal force of the object, the object remains stationary.
While in kinetic friction, when the frictional force matches the normal force, the object will stop accelerating. This is the case of the fireman sliding down the pole as discussed above.
D=at²
441m=(5*9.81m/s²)(t²)
t²=441/(5*9.81)
t≈√8.99
t≈3 sec
Answer:
500 m
Explanation:
t = Time taken
u = Initial velocity = 50 m/s
v = Final velocity = 0
s = Displacement
a = Acceleration = -2.5 m/s²
Equation of motion
Time taken by the train to stop is 20 seconds
∴ The engineer applied the brakes 500 m from the station
