User Account

All Pages

Draw a decision tree for problem

Assignment Help Operation Management
Reference no: EM132691629

A farmer can plant either corn or soybeans. The probabilities that the next harvest prices of these commodities will go up, stay the same, or go down are 0.25, 0.40, and 0.35, respectively. If the prices go up, the corn crop will have a net worth of $40,000 and the soybeans will have a net worth of $25,000. If the prices remain unchanged, the corn crop will have a net worth of $22,000 and the soybeans will have a net worth of $15,000. However, if the prices go down, the corn and soybeans crops will sustain losses of $15,000 and $6,000, respectively. Draw a decision tree for this problem, and determine which crop the farmer should plant based upon the EMV criterion.

Reference no: EM132691629

Questions Cloud

What are three predominant areas of a market opportunity : What are the 3 predominant areas of a market opportunity analysis that we must take into consideration as Marketing Managers?
Explain yield management and revenue management : What is the difference between yield management and revenue management for service based organizations?
Prepare an income statement in comparative form : Prepare an income statement in comparative form, stating each item for both years as a percent of sales. Round to the nearest whole percentage
Distinguish data mining from other analytical tools : Define data mining. Why are there many names and definitions for data mining? Distinguish data mining from other analytical tools and techniques.
Draw a decision tree for problem : Draw a decision tree for this problem, and determine which crop the farmer should plant based upon the EMV criterion.
California privacy rights act : On November 3, 2020, California's Privacy Rights Act is on the ballot. As of the time this assignment is being written, we do not know whether it will pass or n
What information would tell a new marketing manager : Marketing Managers, What information would you tell a NEW Marketing Manager that they need to understand in regards to the above statement?
Characteristics of intermittent and repetitive operations : List and describe characteristics of intermittent and repetitive operations. Is face skin care product produced with intermittent and repetitive operations?
Find the company price-earnings ratio : A company reports the following: Shares of common stock outstanding 50,000. Find the company price-earnings ratio

Reviews

Write a Review

Operation Management Questions & Answers

  Most important trends in supply chain management

What are some of the most important trends in supply chain management?

  Create spiritual experience for the viewer

Which artist's canvases of rectangles hover in fields of color to create a spiritual experience for the viewer?

  Discuss how you could apply the concepts learned

Discuss how you could apply the concepts learned in this course to your current or future career.

  Create a learning curve calculator similar to the one shown

you focus on the concept and principles of learning rates and customer value determination. In this assignment, you will be able to practice and develop your learning rate determination skills. This will help you to become proficient in determinin..

  Explain the similarities and differences between the erg

describe the similarities and differences between the erg theory and maslows hierarchy. how have you used either of the

  Operational plans call for council organisational structure

Your organisation’s strategic and operational plans call for the council’s organisational structure to change; with the employees to be divided into new section

  What role does social security play in employee retirement

What role does Social Security play in employee retirement? What is the relationship between FICA, ERISA, and Social Security?

  Analyze four to six potential problems

Analyze four to six potential problems that virtual teams typically face. Is the hypothetical team you described susceptible to these problems?

  What type of discharge of the contract

The company agrees to accept $10,000 as payment in full. This is an example of what type of discharge of the contract?

  Consider quality assurance system

Consider a quality assurance system where all defects or errors coming from quality control are documented, categorized, and analyzed. Furthermore, this quality assurance process provides for developing and conducting training in needed areas for ove..

  What international market concept is demonstrated

What is the net profitability effect on the Mexican firm? What international market concept is demonstrated in this example?

  Compute the annual turns

Your company has an average annual inventory of $70 million. Its annual cost of goods sold (COGS) is $560 million. Order costs are $195 per order, and inventory carrying costs are estimated at 23%.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd