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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?
Mr. McNeely currently batches orders for processing under the manual order management system. The orders are batched for daily processing. If Mr. McNeely opts to implement a Web-ba
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Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0
what used materials for made the Turbine blades which endures vibrations and saline conditions and why?
Control Charts for Variables Two complementary charts are commonly used for the statistical control of process variables. One controls the process mean by monitoring the mean
I need bariatric surgery center flow diagram
How can supervisors avoid receiving "canned" or rote
How does a leader differ from a manager and when would it be more advantageous to be a manager rather than a leader?
The following table shows financial data for Costco and wal mart: CostcoInventories: $3,643Sales (net): $48106COGS: $41651 Wal Mart:Inventories: $29447Sales (net): $286103COG
A fast-food restaurant buys hamburger buns from a national bakery supplier. The daily usage of buns at the restaurant is normally distributed with an average of 160 and standard de
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