### What alternative would be chosen

Assignment Help Operation Management
##### Reference no: EM13249680

A manager has learned that annual profits from four alternatives being considered for solving a capacity problem are projected to be \$15,000 for A, \$30,000 for B, \$45,000 for C, and \$60,000 for D if state of nature 1 occurs; and \$60,000 for A, \$80,000 for B, \$90,000 for C, and \$35,000 for D if state of nature 2 occurs.

(A) Assuming maximax is used, what alternative would be chosen?
(B) Assuming maximin is used, what alternative would be chosen?
(C) Assuming Laplace is used, what alternative would be chosen?
(D) If the probability of Nature 1 is .40 and the probability of Nature 2 is 0.6, which alternative should be chosen?

#### Questions Cloud

 Find the ratio between the two moments of inertia : consider two solid disks of identical radius and thickness. one of the disks is made of aluminum (density=2.7g/cm), what is the ratio between the two moments of inertia Explain how many grams of h2o are produced phenol reacts : How many grams of H2O are produced when 10.0 g of Phenol, C6H6O, reacts with 20.0 g of O2 in the following reaction Determine the balls initial speed : A ball is thrown horizontally from the top of a tower 30m high and lands 15m from its base. What is the ball's initial speed Find the expression that correctly represent discrete signal : A continuous time system has an output, y, which is given by y= 4sin( 4t+ f /2). It is sampled at a frequency of 4/f Hz. Determine the expression that correctly represent the discrete signal obtained after sampling and its value for n = 1 What alternative would be chosen : If the probability of Nature 1 is .40 and the probability of Nature 2 is 0.6, which alternative should be chosen? Determine the break-even quantity : An investment proposal will have annual fixed costs of \$60,000, variable costs of \$35 per unit of output, and revenue of \$55 per unit of output. Find the velocity of the balls just after the collision : A 2kg ball moving east with a speed of 3m/s collides with another 3kg ball moving west with a speed of 4m/s . After the collision the two balls stick together Find the displacement from dallas to chicago : A map suggests that Atlanta is 730 miles in a direction 5.00Â° north of east from Dallas. Modeling the Earth as flat, use this information to find the displacement from Dallas to Chicago Explain how many hydrogen atoms are resent in surctose : the compound sucrose is commonly known as table sugar. the chemical formula of sucrose is C12H22O11. How many hydrogen atoms are resent in 1.50 x 10^-4 mol of sucrose

### Write a Review

#### Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

#### Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

#### Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

An analysis of the holding costs, including the appropriate annual holding cost rate.

#### Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

#### Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

#### Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

#### Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

#### A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

#### Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

#### Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

#### Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.