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Dalton and Carla run a small bicycle shop called " D n C"Bicycles.They must order bicycles for the coming season. Orders for the bicycle must be placed in quantities of twenty(20).The cost per bicycle is $70 if they order 20,$67 if they order 40,$65 if they order 60 and $64 if they order 80.The bicycles will be sold for $100 each. Any bicycles left over at the end of the season can be sold (for certain)at $42 each. If Dalton and Carla run out of bicycles during the season ,then they will suffer a loss of "goodwill" among their customers. They estimate this goodwill loss to be $8 per customer who was unable to buy a bicycle. Dalton and Clara estimate that the demand for bicycles this season will be 10,30,50,or 70 bicycles. a. Construct a decision table b. Determine the maximax and the maximin decisions c. Construct opportunity loss table and determine the minimax regret decision d. If the probabilities of the demand will be 10,30,50 or 70 bicycles are 0.2,0.4,0.3, and 0.1 respectively, what is you best choice using EMV criterion.
In what ways do you think that setting expectations when non-experts are involved is a problem, and how do you think a project manager can address this?
The normal scrap loss for four successive operations is 5%, 3%, 15%, and 10% respectively, How many units should be started through in order to finish with 1,200 pieces?
the skills emphasized in the program include how to greet customers determine their needs and demonstrate product whether the program is effective. what outcomes should is collect? wha type of evaluation design should it use?
IBM eliminated 14,500 jobs mostly in Europe also those reportedly hired a thousand additional employees in India. Discuss the implications for your current or future caress choices also the kinds of companies or organizations you would desire to wor..
The owner of Genuine Subs, Inc., hopes to expand the present operation by adding one new outlet. She has studied three locations. Each would have the same labor and materials costs of $1.60 cents per sandwich.
A cafeteria serving line has a coffee urn from which customers serve themselves. Arrivals at the urn follow a Poisson distribution at the rate of three per minute.
Balance the line so that only four workstations are required. Use whatever method you feel is appropriate.
A producer of inkjet printers is planning to add a new line of printers, and you have been asked to balance the process, given the following task times and precedence relationships.
Explain your response. 6. What should the supervisors do? What alternatives do they have? 7. You are Christine Moreno. The supervisors come to you with a list of their concerns. What should you do now? Why?
Discuss the advantages and potential risks of such an approach, using specific examples to support your response.
Elucidate what are some examples of describe how these creative thinkers have applied innovation, design, or creativity. Elucidate what are the similarities also/or differences among these creative thinkers. Explain your answer.
The head of operations for a movie studio wants to determine which of two new scripts they should select for their next major production.
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