MAT540 - Examples for chapter 12_Revised

MAT540 - Examples for chapter 12_Revised - Decision 0.30...

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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
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Problem #12-8 Gasoline Availability Investment Shortage Stable Supply Surplus Maximum Minimum Motel -8000 15000 20000 20000 -8000 Restaurant 2000 8000 6000 8000 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 = 3600 Theater = 5600 Select (e) Equal Likelihood: Motel = 8910 Select Restaurant = 5280 Theater = 5610
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Problem #12-16 (a) Weather Conditions Rain Overcast Sunshine
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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...
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This note was uploaded on 06/17/2010 for the course MAT 540 taught by Professor Azad during the Spring '10 term at Strayer.

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MAT540 - Examples for chapter 12_Revised - Decision 0.30...

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