Westhouser Paper Company in the state of Washington currently has an option to purchase a piece of land with good timber forest on it. It is now May 1, and
the current price of the land is $2.2 million. Westhouser does not actually need the timber from this land until the beginning of July, but its top executives
fear that another company might buy the land between now and the beginning of July. They assess that there is a 5% chance that a competitor will buy the land
during May. If this does 294 Chapter 6 Decision Making under Uncertainty Copyright 201 Cengage Learning. All Rights Reserved. May not be copied, scanned, or
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deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional
content at any time if subsequent rights restrictions require it. not occur, they assess that there is a 10% chance that the competitor will buy the land
during June. If Westhouser does not take advantage of its current option, it can attempt to buy the land at the beginning of June or the beginning of July,
provided that it is still available. Westhouser’s incentive for delaying the purchase is that its financial experts believe there is a good chance that the
price of the land will fall significantly in one or both of the next two months. They assess the possible price decreases and their probabilities in Table 6.7
and Table 6.8. Table 6.7 shows the probabilities of the possible price decreases during May. Table 6.8 lists the conditional probabilities of the possible
price decreases in June, given the price decrease in May. For example, it indicates that if the price decrease in May is $60,000, then the possible price
decreases in June are $0, $30,000, and $60,000 with respective probabilities 0.6, 0.2, and 0.2.
Question :
If Westhouser purchases the land, it believes that it can gross $3 million. (This does not count the cost of purchasing the land.) But if it does not purchase
the land, Westhouser believes that it can make $650,000 from alternative investments. What should the company do.
Note : Paper should be in APA format included Abstract & Conclusion.
Famous collection “Clouded Side of the Moon” is venerated as the best prog collection ever (Rolling Stone, 2015), with it being one of the most noteworthy selling collections ever. The collection grandstands splendid, focussed songwriting, with topics of ravenousness, the progression of time, emotional wellness and demise.
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The collection features extraordinary guitar work from virtuoso David Gilmore, propelled recording techinques (for example tape circles which can be heard on the start of the Money), however more along these lines, it appears to discard the symphonic thoughts of King Crimson and prior prog works, for nearly space like mood. Melodies like “Us and Them” and “Take (In the Air) are soaked in reverb, and postpone giving the tunes a light skimming feel. Be that as it may, the overwhelming commercialisation of such an effective record is one of the early indications of the ruin of prog. Business achievement was inconsistent with the causes of prog, and with Pink Floyd coincidentally hitting gigantic radio play for melodies like “Cash”, “Wish You Were Here” and “The Wall”, there was a format being made for how to be a fruitful prog band. More groups before long followed, mixing prog with progressively edible, radio well disposed tunes – Kansas with hit melody “Carry on Wayward Son”, and Boston with “In excess of a Feeling”, at last signlling the finish of the prog class and the start of the Stadium Rock kind.
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Vaporwave is a melodic subgenre and culture that worked out as expected in the cutting edge advanced age. The expression “vaporwave” was begat in 2011, by record maker Will Burnett subsequent to hearing crafted by numerous craftsmen of the time (Galil). Vaporwave is an American based sort with establishes in chillwave, surrounding and vanguard music.
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The subgenre depends intensely on visual craftsmanship; a tune is indistinguishable from the collection spread or workmanship made with it. Basic themes incorporate the shopping center, old outdated innovation, Greek busts, Japanese workmanship styles, and the sea (Chandler, Escaping Reality). These pictures, however apparently customary, consider American commercialization, and the certainty of the fall of private enterprise.
Craftsmen in the vaporwave “tasteful” align themselves intensely with a gathering called the Situationists, a worldwide radical gathering dynamic in the late ’50s who announced that “Free enterprise conceals its actual nature by diverting us with an unending arrangement of ‘exhibitions'” (Chandler, Music of the Spectacle). The scene, as they trusted it, enters through the lives and brains surprisingly by mass measures of media and purposeful publicity in each territory of day by day life. The objective of making music in the vaporwave kind is to make you see pictures – like a shopping center or room – and never again feel great or typical in those spaces. What starts off as a moderate interpretation of an old 80’s nostalgic hit, turns into the clashing acknowledgment that material things don’t last. Simultaneously, a significant number of the specialists in the Post Cold War Era of the late 1990s and mid 2000s needed to make a socially comprehensive perfect world for audience members (Chandler, Genre As Method). This appears to be an inconsistency; for what reason would one make a socially comprehensive bit of work when their own goals are radicalized on the opposite finish of the range?
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The media doesn’t victimize who goes over every TV ad, radio advertisement, or road sign; there is only a consistent progression of boosts from the media to anybody around to see it. On the off chance that broad communications doesn’t choose certain socioeconomics for its audience members, at that point neither should craftsmen. This makes a “non-prejudicial social perfect world” (Chandler, Music of the Spectacle).