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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?
Find the shortest route from Node 1 to Node 6. From Node To Node Distance 1 2 150 1 3 200 2 3 100 2 4 200 2 5 50 3 4 350 3 5 300 4 6 100 5 6 100 Which Answer is it? 300 450 550 650
explain the series of steps involved and various factor effecting location decion?
No one (or no organization) would make a decision based off of imperfect information. However, for a variety of reasons, many times organizations have had to function and make deci
Compare and contrast Deming and Crosbys views on the cost associated with a lost customer.
Class, looking back over the Terminal Course Objectives for this course, what are you looking forward to learning more about throughout your education and career?
Operation functions of an Organization Case study IKEA is the most successful furniture retailer ever. With 276 stores in 36 countries, it has managed to develop its own s
What is the economic justification for the rapid growth of premium package services?
What are some characteristics and provisions of the cost of living escalator clauses and wage reopener arrangements that are part of the unions' efforts to adjust to the lack of de
A farmer has 10 acres to plant in wheat and barley. He has to plant at least 7 acres. However, he has only $1200 to spend and each acre of wheat costs $200 to plant and each acre o
There is a puzzle in regard to risk. What is management's responsibility regarding risk? At what level(s) does each aspect of risk management lie?
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