<p>This assignment has two outputs: the Excel model used to set out and explore the decision problem and a report that summarises your findings. Of the two, the output that carries the most weight is the Excel model. The model should be clear to follow and have a clear audit trail. Remember to use best practice: clear formatting, label your inputs and outputs, don&rsquo;t be afraid to add notes, no hardcoded values, document your assumptions and your logic, keep your data separate from your calculations. The report should either be a Word document or a PowerPoint presentation (I have no preference). The written output should: briefly summarise the decision problem, briefly describe your modelling process and the criteria you used for the analysis, and focus more on the findings of your analysis and your recommendations. This is a technical piece of writing, so the use of tables and/or charts to summarise and present data is required. Use a readable font&nbsp;</p>

This assignment has two outputs: the Excel model used to set out and explore the decision problem and a report that summarises your findings. Of the two, the output that carries the most weight is the Excel model. The model should be clear to follow and have a clear audit trail. Remember to use best practice: clear formatting, label your inputs and outputs, don&rsquo;t be afraid to add notes, no hardcoded values, document your assumptions and your logic, keep your data separate from your calculations. The report should either be a Word document or a PowerPoint presentation (I have no preference). The written output should: briefly summarise the decision problem, briefly describe your modelling process and the criteria you used for the analysis, and focus more on the findings of your analysis and your recommendations. This is a technical piece of writing, so the use of tables and/or charts to summarise and present data is required. Use a readable font&nbsp;

First Assignment: Gas-powered electricity generation

A large energy company is considering investing in a new Combined-cycle gas turbine power station (plant), which uses natural gas to produce electricity. The new generation plant will have a useful life of 15 years and a utilisation rate of 70% (ie, it will be producing electricity 70% of the time). The energy company already has a contract with a large energy customer that guarantees that all electricity produced will be bought at a standard price of £0.08 per kW, before taking inflation into account (ie the selling price of electricity produced is fixed at £0.08 per kW in real terms). The most important cost element for the new generation plant is determined by the price of natural gas. The energy company has put together two possible scenarios for future gas prices; based on these scenarios, the cost to generate 1 kW of electricity is given in the following table. Table 1: Variable Electricity generation costs, based on forecasted gas prices Year Low Gas prices High gas prices 1 0.055 0.054 2 0.062 0.066 3 0.059 0.068 4 0.049 0.069 5 0.065 0.078 6 0.061 0.076 7 0.057 0.068 8

Decision Modelling 2
First Assignment: Gas-Powered Electricity Generation
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Gas-Powered Electricity Generation docx.

Windows User | Windows User Risk management List of figures 2 Question 1 3 1.1 Introduction 3 1.2 Decision Tree 5 1.3 Decision Tree with EVM 6 1.4 Discussion and calculation 7 61.5 Bayes Rule Problem 9 1.6 Bayes Rule Outcomes 10 2.0 Question 2 11 2.1 Objective 11 2.2 Original Data 11 2.3 First Alteration with Discussion 12 2.4 Second Alteration and Discussion 13 2.5 Final Alteration and Discussion 14 3.0 Question 3 16 3.1 Problem statement 16 3.2 Constraints 16 3.3 Objectives 16 3.4 Equations 16 3.5 Coordinates

Statistics and Probability

Windows User Windows User Risk Management List of Figures 2 Question 1 3 1.1 Introduction 3 1.2 Decision Tree 5 1.3 Decision Tree with EVM 6 1.4 Discussion and calculation 7 61.5 Bayes Rule Outcomes 9

Report

This report covers risk management for Pigskin Company, optimization techniques for Gulf Gulf and project management techniques. It includes decision tree, Bayes rule, spreadsheet solutions, PERT analysis and graphical illustrations.

Risk Management for Pigskin Company, Gulf Gulf and Project Management

Intermediate Financial Management  (FIN 632)

This project report consists of a case study of Automation Futures Plc or AF Plc; in which the company has taken a contract to install an automation plant for its client company TTF PLC (Train manufacturing client). This report will discuss about good contracts terms and conditions and what essential points should be mentioned in the contract.

Gas-Powered Electricity Generation docx.

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Windows User Windows User Risk Management List of Figures 2 Question 1 3 1.1 Introduction 3 1.2 Decision Tree 5 1.3 Decision Tree with EVM 6 1.4 Discussion and calculation 7 61.5 Bayes Rule Outcomes 9

Risk Management for Pigskin Company, Gulf Gulf and Project Management

Intermediate Financial Management (FIN 632)

Fundamental of Project Management

Management Accounting

Create a Word or Rich Text Format (RTF) document that is

Gas-Powered Electricity Generation docx.

End of preview

Windows User Windows User Risk Management List of Figures 2 Question 1 3 1.1 Introduction 3 1.2 Decision Tree 5 1.3 Decision Tree with EVM 6 1.4 Discussion and calculation 7 61.5 Bayes Rule Outcomes 9lg...

Risk Management for Pigskin Company, Gulf Gulf and Project Managementlg...

Intermediate Financial Management (FIN 632)lg...

Fundamental of Project Managementlg...

Management Accountinglg...

Create a Word or Rich Text Format (RTF) document that islg...

Windows User Windows User Risk Management List of Figures 2 Question 1 3 1.1 Introduction 3 1.2 Decision Tree 5 1.3 Decision Tree with EVM 6 1.4 Discussion and calculation 7 61.5 Bayes Rule Outcomes 9

Risk Management for Pigskin Company, Gulf Gulf and Project Management

Intermediate Financial Management (FIN 632)

Fundamental of Project Management

Management Accounting

Create a Word or Rich Text Format (RTF) document that is