Business Finance Homework Help

Below are initial instructions

Describe or propose a specific decision situation in which you see away of quantifying probabilities and consequences (i.e., do risk assessment) for different “actions” or “strategies”, one often being the “reference action” (“do nothing”, “status quo”, “business as usual”). Then illustrate the use of a methodology of risk management to arrive at the “best action”. The decision considered may be “terminal” (design, regulation, operating rule, strategy) or “preterminal” (further investigation, inspection, data acquisition) or both. The report would normally consist of the following components:

• A description of the problem being addressed, along with the uncertainties involved.
• The decision-making framework
• A decision on the criterion for the “best” decision.
• A systematic evaluation of all design alternatives, weighting the various possible outcomes by their consequences and associated probabilities of occurrence.
• A summary and discussion of the results found above and a conclusion regarding which design alternative is considered to be best.
• As with any report, also a list of any references made use of to support and/or illustrate the arguments made in the document.

More details in the project file, there is a example report for you to compare. There is a outline for the report, please use the topic in the outline file.

Revision details:

Hello, I just took a look about the report. Thank you for your work. But there are some problems. Please follow the “outline and topic” file, I think you did not talk about different options and costs, and compare the result of each option. And please include calculation in the report, just like the “Example” file. You can make assumption about information like length and width of landfill, and the cost for each option.