Number Theory

A transport company has won a contract worth £14 million. The contract has a 0.3

A transport company has won a contract worth £14 million. The contract has a 0.35 probability of delay. The penalty for the delay is 15% of the contract value. Taking either of the following actions now would reduce the risk of delay – Employing additional engineers at a cost of £150000 would reduce the probability …

A transport company has won a contract worth £14 million. The contract has a 0.3 Read More »