{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

MAT540 - Examples for chapter 12

# MAT540 - Examples for chapter 12 - Decision 0.30 0.15 0.55...

This preview shows pages 1–5. Sign up to view the full content.

Problem #12-2 Competitor Decision Open Not open Maximum Minimum Drive-up window -6000 20000 20000 -6000 Breakfast 4000 8000 8000 4000 (a) Maximax decision = 20000 Drive-up window (b) Maximin decision = 4000 Breakfast

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
Problem #12-8 Gasoline Availability Investment Shortage Stable Supply Surplus Maximum Minimum Motel -8000 15000 20000 20000 -8000 Restaurant 2000 8000 6000 6000 2000 Theater 6000 6000 5000 6000 5000 (a) Maximax decision = 20000 Motel (b) Maximin decision = 5000 Theater ( c) Regret Table: Gasoline Availability Decision Shortage Stable Supply Surplus Maximum Motel 14000 0 0 14000 Restaurant 4000 7000 14000 14000 Theater 0 9000 15000 15000 Minimax regret decision = 14000 Motel Restaurant (d) Hurwicz: Alpha = 0.40 1 - Alpha = 0.60 Motel = 3200 Restaurant = 4400 Theater = 5400 Select (e) Equal Likelihood: Motel = 8910 Select Restaurant = 5280 Theater = 5610
Problem #12-16 (a) Weather Conditions Rain Overcast Sunshine

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Decision 0.30 0.15 0.55 EV Sun visors-500-200 1500 645 Select Umbrellas 2000-900 105 (b) Weather Conditions Rain Overcast Sunshine Decision 0.30 0.15 0.55 EOL Sun visors 2500 200 780 Select Umbrellas 2400 1320 Problem #12-26 Demand 20 21 22 23 24 Expected Stock (lb) 0.1 0.2 0.3 0.3 0.1 Value 20 20.00 20.00 20.00 20.00 20.00 20.00 21 18.50 21.00 21.00 21.00 21.00 20.75 22 17.00 19.50 22.00 22.00 22.00 21.00 23 15.50 18.00 20.50 23.00 23.00 20.50 24 14.00 16.50 19.00 21.50 24.00 19.25 Stock 22 lb 5 Problem #12-32 0.6 Shortage Compact cars 300000 240000 0.4 Surplus 150000 0.6 Shortage Full-sized cars-100000 1 240000 180000 0.4 Surplus 600000 0.6 Shortage Trucks 120000 140000 0.4 Surplus 170000...
View Full Document

• Spring '10