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Prepare a facility move risk assessment matrix that includes: facility move Risk Number Facility Risk Facility Potential of risk occurring (High, Medium, Low) Facility Level of impact to the project (High, Medium, Low) Facility How risk can be mitigated

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  1. Please discuss and solve problem 8 on page 125 of the textbook. 8. Expando, Inc., is considering the possibility of building an additional factory that would product a new addition to its product line. The company is currently considering two options. The first is a small facility that it could build at a cost of $6 million. If demand for new products is low, the company expects to receive $10 million in discount revenues (present value of future revenues) with the small facility. On the other hand, if demand is high it expects $12 million in discounted revenues using the small facility. The second option is to build a large factory at a cost of $9 million. Were demand to be low, the company would expect $10 million in discounted revenues with the large plant. If demand is high, the company estimates that the discounted revenues would be $14 million. In either case, the probability of demand being high is .40, and the probability of it being low is .60. Not constructing a new factory would result in no additional revenue being generated because the current factories cannot product these new products. Construct a decision tree to help Expando make the best decision.
  2. A caterer has undertaken a contract for a series of 4 dinners, one each of 4 successive nights, to be given by an exclusive New York Club. The caterer must purchase napkins especially for these dinners because the club has requested a special type of napkin that has not been used before, and will not be used again. On each day, the number of meals served will be: day 1: 600 meals, day 2: 500 meals, day 3: 800 meals, day 4: 700 meals One napkin is required for each meal on any given day. Two types of laundry service are available to the caterer. Regular service takes 2 days (e.g., laundry sent at the end of a meal on day 1 can be used again for a meal on day 3) and costs $2 per napkin. A faster service takes 1 day (e.g., laundry sent at the end of a meal on day 1 can be ready for use on the 2nd day’s meal), and costs $4 per napkin. The price of napkin in the stores varies based on the demand in New York. The projected pricing scheme for the 4 days is as follows day 1: $16, day 2: $15, day 3: $15.5, day 4: $16 Further, space is a premium in New York City and hence any unused napkins need to be stored in a storage facility which charges a price of 60 cents per day per napkin. The storage applies to new napkins as well as napkins returning after laundry. The caterer wants to minimize the costs associated with purchasing, storing and laundering napkins [Used napkins not sent to laundry can be thrown away at no extra cost]. a) Set up a linear programming problem that assists the caterer with the napkin purchase decision, and the number that will be sent each day to the regular and to the fast laundry. b) Provide a quick solution for the problem without using any optimizations. Discuss how you got the answer —- Thanks
  3. How risk can be mitigated Facility Move
  4. To assist the occupier to identify and assess the risk level: I will inspect the site for any non-compliance and assess the existing risk assessment to ensure that the actual work processes are in compliance according to the risk assessment.