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Decision Tree Use for Production Capacity Decision Tree Use for Production Capacity Determination at Toyota Motor Manufacturing of Canada (TMMC) This exercise illustrates how determination of an "optimal" production capacity option can be made from among several possible options based on the probability of their occurrence and the provided payoffs of events that influence these options. It is spring 2000, and TMMC has indeed just been chosen to produce the new Lexus RX 330 line, with the first units deliverable in 2003. Toyota must now determine the amount of annual production capacity it should build. Toyota's goal is to maximize the profit from this line over the five years from 2003-2007. These vehicles will sell for an average of $37,000 and incur a unit production cost of $28,000. 10,000 units of annual production capacity can be built for $50M (M=million) with additional blocks of 5,000 units of annual capacity each costing $15M. Each block of 5,000 units of capacity will also cost $5M per year to maintain, even if the capacity is unused. Marketing has provided three vehicle demand scenarios with associated probabilities (attached): Assume that the number of units actually sold each year will be the lesser of the demand and the production capacity. Should TMMC in 2000 decide to build a facility with a production capacity of 10,000, 15,000, 20,000, 25,000, or 30,000 cars? Justify your choice. What are the flaws or limitations in your analysis? Please provide as many as details possible for me to understand this practice.
A major issue facing many states is whether to legalize casino gambling. Suppose the governor of one state believes that more than 55% of the state's registered voters would favor some form of legal casino gambling
Are there any possible instances in which an organization strictly pursuing a theory O plan of change over time might not be able to respond to change at all.
Descriptive research on narcissistic charismatic's found that they are most likely to: take the time to guide also facilitate the implementation of their vision in the organization press ahead.
List 5 of the most important concepts or knowledge that you gained from this week's activities.
Which of the follwing could not be used as a fire wall?
What is the equilibrium price and quantity in this market?
Develop an MRP planning schedule showing gross also net requirements, order release also order receipt dates.
You are a manager of Bank of America and have to decide to open new branches in Oklahoma. You have no idea about the number of new accounts that would be opened (Uncertainty).
This reduction in demand will push equilibrium price back down to its original level. Since equilibrium price will remain unchanged, smokers will consume same number of cigarettes." Do you agree or disagree with this view. Explain.
What is the average time spent by each order waiting to be processed? Assume that the orders coming in are either small or large. Small orders are for an average of $500 and large orders are for an average of $5,000; 20% of the orders coming in are..
How much money should Mr. Jones invest in each type of stock to maximize his total expected yield.
Describe the relationship between technical/traditional problem solving and creative/intuitive problem solving. Explain the importance of innovation to the success of individuals, organizational leaders, organizations, and nations.
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