Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question:
Spencerville Products is expanding its operations west of the Mississippi. Its first step is to build a manufacturing facility in Denver to satisfy demand on the West Coast. Spencerville has an option to build either a large facility that has an annual output of 500,000 units per year or a smaller facility with an output of 250,000 units per year. It must build one of these two facilities - it does not have any other options.
The expected demand for the company's products is shown as either high or moderate in the table below:
Demand Level Annual Demand (units/year) Probability
High 450,000 0.4
Moderate 150,000 0.6
The small facility has a profit of $5.00 per unit. The large facility has a profit of $4.00/unit.
a) What size facility should Spencerville Products build based on expected values and using a decision tree approach? You must also provide the decision tree using the appropriate decision tree symbols.
b) Suppose that the company is not certain about the 450,000 projection for the High Demand scenario. It could be higher than this projection. How sensitive is the selection in a) to the High Demand projection. In other words, at what annual demand for the High Demand scenario would the company be indifferent between the two size facilities?
Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0
A company manufactures 2 kinds of hats. Each hat of the I type needs twice as much as labour time as the II type. The company can manufacture a sum of 500 hats a day. The market re
Find a minimum cost spanning arborescence rooted,
Information on Research Done Information on Doctoral research work already done is available from the followings sources: a. Bibliography of Doctoral Dissertations Acce
how to solve simplex method in LPP?
Regression Equations The regression equations express the regression line. As there are two regression lines so there are two regression equations. The regression equatio
There is no unique set of problems which can be solved by using operations Research Models r techniques. Several operations Research Models or techniques can be grouped into some b
Graphical Solution Procedure sample assignment and solved questions, free examples and solved homework samples for Graphical Solution Procedure in operation research. Question
Meaning of Linear programming problem and explanation of graphical method of solving Linear Programming Problem
maximize z=3x1+2x2 subgect to the constraints x1+x2 x1-x2 x1,x2>_0
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd