Decision Theory Paper

Decision Theory Paper QNT 561 Decision Theory Paper My organization is an expeditor of passports and visas for merged organizations. We rate of flowly work in close relation with the section of State in order to facilitate the process of buzz offing a U.S. Passport. We also work in close relation with variant foreign consulates in order provide representation for our clients and obtain visas for international travel. Last year before the economy shrunk, we were roseola with organizations that had big budgets to conduct business and our prices reflected the current economic environment. afterwards lowering our prices and keeping them at a sustained level that is driven by market variables, we rich person decided to each increase our prices again based on future variables or maintain our prices based on future variables. Prices forget be raised based on the odds that the economy pass on improve in the coming years or the economy will keep declining and we will have to maintain our already reasonable prices that will be more affordable and appeal to our clients. In both scenarios, the economy and the probability of recovery will affect the organizations decision making process.

The management of the organization moldiness decide which scenario will enable them to make the best decision with the hopes if increasing profits and potential pricing in the future. In the end, an increase in pricing may not be necessary to due to the economic recovery indicators. Our current prices atomic number 18 as follows: $50.00 for 15 works days processing $75.00 for 10 working days processing $100.00 for 7 working days processing $125.00 for 5 working days processing $150.00 for 2-3 working days processing Using descriptive statistics, we have calculated that in order to remain profitable, we had to maintain our current mean service fee of $100 per application. Compiling the organizations mathematical operation in similar economic situations and taking into consideration the... If you postulate to get a full essay, order it on our website: Ordercustompaper.com

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