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Company must decide how many lots of chocolate muffin premix to order for its three stores. Information on pricing, sales, and inventory costs has led to the following payoff table, in thousands. Demand Order size Low medium High 1 lot 12 15 15 2 lots 9 25 35 3 lots 6 35 60
1-what decision should be made by the optimist?
2-what decision should be made by the conservative?
3-what decision should be made using minimal regret? Show the regret table.
4-assume that the payoff table provides cost rather than profit payoffs. What is the recommended decision using optimistic, conservative, and minimal regret approaches?
Give difference between assembler, compiler and interpreter
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Characteristics of job order Production Small Production Runs: Job order production is characterized by the manufacturing of one or few numbers of single product designe
what is no passing rule in sequencing
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Bloomsday Outfitters produces T-shirts for road races. They need to acquire some new stamping machines to produce 30,000 good T-shirts per month. Their plant operates 200 hours per
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