{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Decision Tables in Excel

Decision Tables in Excel - $12.9 Certainty Possible Future...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Decision Tables in Excel Uncertainty Possible Future Demand Alternatives Low Medium High Maximax Maximin Laplace Small Facility $10.0 $11.0 $12.0 $12.0 $10.0 $11.0 Medium Facility $9.0 $14.0 $16.0 $16.0 $9.0 $13.0 Large Facility $(4.0) $4.0 $18.0 $18.0 $(4.0) $6.0 Max ---> $18.0 $10.0 $13.0
Image of page 1

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

View Full Document Right Arrow Icon
Decision Tables in Excel Risk Possible Future Demand Low Medium High Alternatives Prob. 0.3 0.5 0.2 Small Facility $10.0 $11.0 $12.0 $10.9 Medium Facility $9.0 $14.0 $16.0 $12.9 Large Facility $(4.0) $4.0 $18.0 $4.4 Max --->
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: $12.9 Certainty Possible Future Demand Low Medium High Alternatives Prob. 0.3 0.5 0.2 Small Facility $10.0 $11.0 $12.0 Medium Facility $9.0 $14.0 $16.0 Large Facility $(4.0) $4.0 $18.0 Sum Max X Risk ----> $3.0 $7.0 $3.6 $13.6 EVPI = $0.7 Sum Products Profit Decision Table Options A B Sale Price $20 $20 Sales Volume 10,000 10,000 Revenue $200,000 $200,000 Fixed Cost $40,000 $70,000 Variable cost $16 $14 Total Cost $200,000 $210,000 Profit $- $(10,000)...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern