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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?
Plans are being made to produce a product that requires 40 minutes on Resource X and 30 minutes on resource Y. Assume that there is only one of each of these resources, and that ma
A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the appliance from a vendor at $7 each or to produce them in-h
Company A has four plants locating in different cities across the region. There are three markets the company is selling its products to. Currently, each plant can only produce 500
Question: Nostromo Ltd is specialized in electrical installation for space ships. This electrical installation process require a certain amount of drilling and wiring. The dril
Product A is and end item and is made from 2 units of B and four of C. B is made of 3 units of D and two of E. C is made of two units of F and two of E. A has a lead time of 1 week
Is the globalization of health care good or bad for patients? Who might benefit from the globalization of health care? Who might lose?
What might be the most effective way to secure cooperation from one's Union in tailoring Total Compensation to help the company achieve a sustainable competitive business advantage
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Sutton Corporation, which has a zero tax rate due to tax loss carry-forwards, is considering a 5-year, $6,000,000 bank loan to finance service equipment. The loan has an interest r
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