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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?
What are the steps to make up flow charts? Most flow charts are made up of three main types of symbol. • Oval shapes or elongated circles signify the start or termination of
Shirley Hopkins is developing a problem in leadership training for middle-level managers. Shirley has listed a number of activities that must be completed before a training program
Where in Europe, Africa, and Asia does Nestlé have operations? How many factories do they have in Spain and Thailand? Why does Nestlé have multiple facilities in a single country?
Sub optimisation - Operations Function Another important issue raised by the systems approach is that of sub-optimisation. This is of considerable significance for managers, a
Prepare a SWOT analysis for long-term strategic planning at Sigma Marketing
Suppose 40 observations of a random system component have been recorded as shown in the table below (these numbers are sorted). 0.0345 0.1079 0.1313 0.1452 0.1788 0.2101 0.2249
How would you go about establishing your company and your product in an overseas market?
Analyze the relationship between analysis, planning, implementation, and control. Provide an example of a product or service that flows through the relationship. Break down this pr
Which of the following switching methods is faster? A. cut-through mode B. source-route C.store and forward D. translational
what are the objectives that an operation should could consider in order to ensure a good layout
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