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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?
Assume that you own a very upscale restaurant (think shearwater at the hotel Del Coronado or the grant grill at the us grant hotel). Business has fallen off greatly at your restaur
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What are the disadvantages of operation management?
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Question: (a) Show how supply chains can be managed more effectively to provide more effective service delivery in order to increase customer satisfaction, while also increasin
Identity technological infrastructure that supports operations management
1. As management theory has evolved, contemporary theorists emphasize two approaches: the "systems approach," and the "contingency approach." Explain each. 2. Regarding ethics a
Negotiators can influence the perceived cost of agreeing as well as the perceived cost of disagreeing and the other party will likely accept the proposal when it is more expensive
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