Solutions to Case Problems Manual to Accompany
An Introduction To
Management Science
Quantitative Approaches
To Decision Making
Twelfth Edition
David R. Anderson
University of Cincinnati
Dennis J. Swe
Suppose that you were getting ready to run a production lot of 10,000 pieces and knew that the profit on each item was $1 and that each faulty product would cost $5 to replace (you
ship all items that
Read chapter 7,8, 9 of Devore
Make a table of the important equations in these chapters and what they are used for. This is a
good chance to practice the equation editor if you want, otherwise do it b
The efficiency ratio for a steel specimen immersed in a phosphating tank is the weight of the phosphate coating, divided by the metal loss.
Plot and analyze the data. What are your conclusions? Make p
Nilay Mehta
1860522081
Payoff Table:
a.
State of the World
A
Actions
1
2
3
4
B
-50
30
10
-10
C
80
40
30
-50
D
20
70
-30
-70
E
100
20
10
-20
0
50
40
200
a. We find that action 3 is inadmissibe and we e
Q2.
Does the function f(x)=2x/3 for -1<=x<=2, 0 elsewhere satisfy the two requirements of a density function? Show why or why not. (0.1 points)
1.5
The given function must satisfy the following two pr
Read Section 3.1 of Chapter 3 of Winkler. One half page on what you thought about the presentation of the material in this
chapter. (0.2 points)
The section 3.1 of chapter 3 explains the Bayesian Infe
Q9.
Prior Probability of r from Q26
0.3659
0.146
0.0332
a)
0.450622156
0 defective
ACTION
1 defective
2500
2400
Don't Adjust
Adjust
Under present info:
ER(Don't adjust)=
ER(Adjust)=
0.0041
0.0002
STAT
1. Read Chapters 1 and 2 of Winkler. A friend of yours has asked you what you read for this course this week.
Your friend is neither a scientist nor an engineer, nor does he/she have any background in
Average =
7
P(0)
0
0.09%
P(1)
1
0.64%
P(2)
2
2.23%
P(3)
3
5.21%
P(4)
4
9.12%
P(5)
5
12.77%
Sum
30.07%
P(>4)
82.70%
Or
82.70%
Goal
90%
Max
60 Min
20 Average
30
The question is how much work is there ea
ISE 500
GEZA BOTTLIK
Fall 2016
MIDTERM
10/04/2016
DO YOUR WORK ON THIS HANDOUT. THIS WILL EXPEDITE THE GRADING OF THE
PAPERS.
NAME_
TEST GRADE_
Please read the problems carefully and provide the infor