The supplement to Chapter 5 in textbook(Stevenson, W. (2018). Operations management (13th ed.). New York, NY: McGraw-Hill Irwin.) describes and develops several decision trees.Address the following requirements:Develop a decision tree for the case described.Explain the process of developing a decision tree, draw the decision tree (include the decision tree in an appendix showing chance nodes, probabilities, outcomes, expected values, and net expected value).Defend your final decision based on your decision tree. Case for consideration—An operations manager for a cereal producer is faced with a choice of:1.A large-scale investment (A) to purchase a new cooker which could produce a substantial pay-off in terms of increased revenue net of costs but requires an investment of 3,750,000 Saudi Riyal. After extensive market research it is thought that there is a 40% chance that a pay-off of 9,375,000 Saudi Riyal will be realized, but there is a 60% chance that it will be only 3,000,000 Saudi Riyal.2.A smaller scale project (B) to refurbish an existing cooker. At 1,875,000 Saudi Riyal, this option is less costly but produces a lower pay-off. Again, extensive research data suggests a 30% chance of a gain of 3,750,000 Saudi Riyal but a 70% chance of it being only 1,875,000 Saudi Riyal.3.Continuing the present operation without change (C) which cost nothing, but produces no pay-off.________________________________________________________________the paper should meet the following requirements:4-5 pages in length, which does not include the title page and reference pages.Follow (APA) style.3 to 4 references are enough.

Review the video titled "Long-Term Care Insurance 101" (2 min 12s). Next, give your opinion as to whether or not people in their 40s and 50s should purchase long-term care insurance. Provide a rationale for your response.https://www.youtube.com/watch?v=T1RmHZy2_JAExamine the critical role of commercial insurance companies in the financing of long-term services. Take a position as to whether or not insurance companies' variations in the cost of premiums are justifiable. If justifiable, give at least one (1) justification for these variations. Provide a rationale for your response

In your new role as a project financial analyst, you are tasked to evaluate project Tetra, a new and innovative software that allows doctors from around the world to communicate current best practices in real time. The project has two phases: you may invest in the first, both, or neither. Phase 1 (Tetra 1) requires an initial investment of $100. One year later, Tetra 1 will produce project CFs of either $160 or $60, each with equal probability of occurrence. At this year 1 point and after cash flows have been received, you may invest an additional $100 for Tetra 2. One year later, Tetra 2 pays out either 20% more in project CFs than Tetra 1 or (equally likely) 20% less. No taxes need to be assumed.Part 1 a: How much would the Tetra project be worth if it offered only the Tetra 1 opportunity?Part 1 b: How much would Tetra be worth if you had to make the entire decision today, once and for all, whether or not to invest in Tetra?Part 1 c: How much is Tetra project worth if you have access to both Tetra 1 and 2, but can wait to decide whether to invest in Tetra 2 after 1 year (i.e. can see Tetra 1 through)?Please answer using the excel template I upload.