Your answer 

2) Why is this particular study abroad opportunity a good fit for you?(Must be at least 250 words, no more than 450). * 

Your answer 

3) Describe how your personal and academic goals align with this  particular short-term study abroad program (Must be at least 250 words,  no more than 450). * 

Your answer 

4) The travel scholarship and the study abroad experience promote the  values of diversity and inclusion, leadership and cultural competence.  Please describe an activity or program you are involved in that has  contributed to your understanding of these values (Must be at least 250  words, no more than 450). * 

Your answer 

5) The travel scholarship and the study abroad experience promote the  values of diversity and inclusion, leadership and cultural competence.  Please describe how you demonstrate and foster these values in your  interactions with others at the University of the District of Columbia  (Must be at least 250 words, no more than 450). * 

Your answer 

Solved Example Attached

Ellisson Seafood Company ships fresh seafood to customers in the local area.  The logistics manager has developed 3 alternatives to ship the seafood. 

Part A 

#1 Each time a shipment is ready, call a common carrier.  While there is no fixed costs the variable cost per shipment is $750.

#2 Enter into a contract with a common carrier.  While the variable cost would be $300 per shipment, the fixed cost would be $5,000 per year.

#3 Lease their own refrigerated trucks.  The fixed cost would be $21,000 per year and the variable costs would be $50 per shipment.

Now Ellisson does not know what the number of shipment will be per year.  But a review of past years history provided the following information: 

Part B

Ellisson Seafood does not know how many shipments there will be per year.  However an analysis of the previous years’ data revealed the following: 

Demand

Shipments per year

Probability

Low

30

25%

Medium

50

60%

High

80

15%

Question:  Given the costs and probability, which option should Ellisson select?

A payout table and a decision tree are required for this assignment.

Hint:  Decision tree has 3 main branches each with 3 branches of their own.  The payout table will have  9 columns; Carrier options, # of shipments, cost per shipment, fixed annual cost, per shipment cost total per year, combined total costs, % probability, decision cost and final weighted costs.