Preview

BUS 307 Week 2 DQ 2 Expected Values and Decision Trees

Good Essays
Open Document
Open Document
462 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
BUS 307 Week 2 DQ 2 Expected Values and Decision Trees
This pack of BUS 307 Week 2 DQ 2 Expected Values and Decision Trees contains:

From the end of Chapter 8, consider the two capacity options for Arktec manufacturing from Problem 2 and the three possible demand scenarios from Problem 4, then complete Problem 5. First, draw the decision tree for Arktec Manufacturing. When drawing your tree, assume that managers must select a capacity option before they know what the demand level will actually be. Then, calculate the expected value for each decision branch. Which option would you prefer and why? Respond to at least two of your classmates Business - General Business Expected Values and Decision Trees . From the end of Chapter 8, consider the two capacity options for Arktec manufacturing from Problem 2 and the three possible demand scenarios from Problem 4, then complete Problem 5. First, draw the decision tree for Arktec Manufacturing. When drawing your tree, assume that managers must select a capacity option before they know what the demand level will actually be. Then, calculate the expected value for each decision branch. Which option would you prefer and why? Respond to at least two of your classmates’ postings.

It is possible to go abroad with kids! Studying in another country is something that is automatically discounted by college students who have kids to take care of. Find out about your school's policy to students with children. Look into these things and don't rule out study abroad opportunities just because you have a family.

This pack of BUS 307 Week 2 DQ 2 Expected Values and Decision Trees contains:

From the end of Chapter 8, consider the two capacity options for Arktec manufacturing from Problem 2 and the three possible demand scenarios from Problem 4, then complete Problem 5. First, draw the decision tree for Arktec Manufacturing. When drawing your tree, assume that...

For downloading more tutorials visit - https://bitly.com/12C3kH7

It is possible to go

You May Also Find These Documents Helpful

  • Satisfactory Essays

    QAT 1 TASK 5

    • 398 Words
    • 2 Pages

    1.) The Company has determined that it has two alternatives for improving profits: develop new products either rapidly or thoroughly, or consolidate existing products by strengthening products or reaping without investing. On the first branch of the decision tree we know that the decision to develop thoroughly has a probability of 0.4 in a good market and predicted gains of $500,000. The second State of nature would be a moderate market reaction with a probability of .4 and predicted gains of $25,000. The third state of nature is a poor market reaction with a probability of .2 with predicted gains of $1,000. The expected monetary value (EMV) is determined by multiplying the probability in each state of nature by the predicted gains and then adding sums of each state of nature. The EMV (Developing thoroughly) =.4(500,000) +.4(25,000) +.2(1,000) =210,200…

    • 398 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    From Chapter 9, answer Discussion Question 1: Which forecasting techniques do you think Ford should have used to forecast changes in the demand, supply, and price of palladium? Time series models? Causal models? Qualitative models? Justify your answer and respond to at least two of your classmates…

    • 404 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    BUS 434 Week 1 Quiz

    • 336 Words
    • 3 Pages

    This document of BUS 434 Week 1 Quiz shows the solutions to the following problems:…

    • 336 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    The Syllabus on Info 3010

    • 2401 Words
    • 10 Pages

    Course Prerequisites: MATH 1140 Course Goals This course is designed to teach students the elements of: Data Analysis; Spreadsheet modeling and optimization Models of deterministic linear programming Probability theory and expected value for decision making under uncertainty Visual Basic for Applications in Excel and for simulation analysis Student Learning Objectives: As the result of this course students should be able to: 1. Execute the 7-step modeling process in any relevant business…

    • 2401 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    This pack of BUS 600 Week 4 Discussion Question 2 Listening shows the solutions to the following problems:…

    • 446 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    d. What is Jewel’s new reservation price, i.e., the most it will pay for Condor’s Z2 CPU? Assume that Jewels makes decisions on the basis of Expected Monetary Value (EMV)…

    • 616 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    From the case study, Case 1.3, compare and contrast the benefits of the influence diagram and decision tree displayed in Figure C1.3. Explain why these two problem representations are good examples of descriptive and normative decision theory.…

    • 2173 Words
    • 8 Pages
    Satisfactory Essays
  • Satisfactory Essays

    MAT540 Week 3 Homework

    • 481 Words
    • 4 Pages

    5. Simulate the decision situation described in Problem 16(a) at the end of Chapter 12 for 20 weeks, and recommend the best decision.…

    • 481 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    From the case study, Case 1.3, compare and contrast the benefits of the influence diagram and decision tree displayed in Figure C1.3. Explain why these two problem representations are good examples of descriptive and normative decision theory.…

    • 4208 Words
    • 14 Pages
    Powerful Essays
  • Satisfactory Essays

    mat540 hw wk3 question

    • 398 Words
    • 4 Pages

    Simulate the decision situation described in Problem 16(a) at the end of Chapter 12 for 20 weeks, and recommend the best decision.…

    • 398 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Assignment 2 Answers

    • 429 Words
    • 2 Pages

    c. Use SolverTable to see what happens to the decision variables and the totals profit when the availability of wood varies from 1000 to 3000 in 100-unit increments. Based on your findings, how much would the company be willing to pay for each extra unit of wood over its current 2000 units? How much profit would the company lose if lost any of its current 2000 units?…

    • 429 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Peter Filzmoser Department of Statistics and Probability Theory Vienna University of Technology Wiedner Hauptstraße 8-10, A-1040 Vienna, Austria…

    • 7260 Words
    • 30 Pages
    Powerful Essays
  • Powerful Essays

    |Value Chain Activities |Decision Problem (write a realistic decision problem for each Value Chain |…

    • 901 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    1. DryIce Inc. Is a manufacturer of air conditioners that has seen its demand grow significantly. They anticipate nationwide demand for the year 2001 to be 180,000 units in the South, 120,000 units in the Midwest, 110,000 units in the East, and 100,000 units in the West. Managers at DryIce are designing the manufacturing network and have selected four potential sites – New York, Atlanta, Chicago, and San Diego. Plants could have a capacity of either 200,000 or 400,000 units. The annual fixed costs at the four locations are shown in Table below, along with the cost of producing and shipping an air conditioner to each of the four markets. Where should DryIce build its factories and how large should they be?…

    • 2021 Words
    • 9 Pages
    Satisfactory Essays
  • Satisfactory Essays

    This problem contains 20 decision variables, representing the number of production of each type of tools produce in different stages.…

    • 344 Words
    • 2 Pages
    Satisfactory Essays