Discuss the apparent contradictions
Millions of workers have lost their jobs due to Downsizing. At the same time, many organizations are complaining that they cannot find qualified people to fill vacancies. Discuss these apparent contradictions?
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For the lottery having a payoff of $100 000 with a probability p and $0 with a probability. Find the most preferred decision for each decision maker using the expected utility approach.
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Ordering costs are $5 per order, and demand during the lead time follows a normal probability distribution with mean of 15 and standard deviation of 6.
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