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ABC Company, a soft-drink vendor, has created a table of payoffs for three stocking decisions for three different states of nature:
States of nature (Demand)
Alternatives Heavy Medium Low
Large stock $2,060 $1,510 $1,200
Average stock $1,390 $1,430 $1,290
Small stock $1,560 $1,550 $1,890
Probabilities associated with the states of nature are 0.4 for heavy demand, 0.2 for medium demand, and 0.4 for low demand. What is the expected value with perfect information? Specify only the amount. e.g. 14000
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What are the pros and cons of toyota''s structure?
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Using the data in Table 13-1, what is the latest possible time that C may be started without delaying completion of the project? Table 13-1 The following represents a project with
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