Decision Table Exercises 3-26 to 3-30.pdf - Q 3-26 Selling...

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Q 3-26 Selling Price 95.00 $ per unit Cost 45.00 $ per unit Profit 50.00 $ per unit If not sold 45.00 $ per unit Decision Alternatives (Supply) 6 7 8 9 EMV 6 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 7 255.00 $ 350.00 $ 350.00 $ 350.00 $ 340.50 $ 8 210.00 $ 305.00 $ 400.00 $ 400.00 $ 352.50 $ 9 165.00 $ 260.00 $ 355.00 $ 450.00 $ 317.00 $ Probability 0.1 0.3 0.5 0.1 State of Nature (Demand)
Question 3-27 Selling Price 15.00 $ per unit Cost 5.00 $ per unit Profit 10.00 $ per unit If not enough supply 16.00 $ per unit Decision Alternatives (Supply) 100 200 300 EMV 100 1,000.00 $ 900.00 $ 800.00 $ 900.00 $ 200 800.00 $ 2,000.00 $ 1,900.00 $ 1,610.00 $ 300 600.00 $ 1,800.00 $ 3,000.00 $ 1,800.00 $ Probability 0.3 0.4 0.3 Question 3-28 Optimistic Pessimistic Decision Alternatives (Supply) D100 D200 D300 Maximum in a Row Minimum in a Row S100 1,000.00 $ 900.00 $ 800.00 $ 1,000.00 $ 800.00 $ S200 800.00 $ 2,000.00 $ 1,900.00 $ 2,000.00 $ 800.00 $ S300 600.00 $ 1,800.00 $ 3,000.00 $ 3,000.00 $ 600.00 $ Probability 0.3 0.4 0.3 State of Nature (Demand) State of Nature (Demand)
Question 3-29 Max in a Row Min in a Row Location Low Medium High (Best Cost) (Worst Cost Ardmore, OK 85 110 150 85 150 Sweetwater, TX 90 100 140 90 140 Lake Charles, LA 110 120 130 110 130 Probability 0.2 0.3 0.5 a. Ardmore (85K) b. Lake Charles (130K) Minimax Regret Criterion (from above table, find the lowest from each column, later deduct each figure w Max in a Row ('000) Location Low Medium High (Best Cost) Ardmore, OK 85-85=0

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