GSCM 209 DeVry Week 6 Quiz Latest

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GSCM 209 DeVry Week 6 Quiz Latest

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GSCM 209 DeVry Week 6 Quiz Latest

GSCM209

GSCM 209 DeVry Week 6 Quiz Latest

GSCM 209 DeVry Week 6 Quiz Latest

  1. Question : (TCO 14)Briefly describe a decision table.

Question 2. Question : (TCOs 13 and 14) Consider the following decision table, which Bob White has developed for GoSlow Enterprises.

Decision          Probability       0.2                   0.5                   0.3

Alternatives                             Low                 Medium           High

A                                              $50                  $100                $60

B                                              $65                  $60                  $70

C                                             $90                  $70                  $80

D                                             $90                  $75                  $70

E                                              $75                  $65                  $80

Which decision alternative maximizes the expected value of the payoff?

Question 3. Question : (TCOs 10, 11, and 12) Bob’s Claymart has enough clay to make 24 small vases or six large vases. He has only enough of a special glazing compound to glaze 16 of the small vases or eight of the large vases.

Let X1 = the number of small vases and X2 = the number of large vases.

The smaller vases sell for $6 each, and the larger vases bring $13 each.

Formulate the problem’s objective function, constraints, and solve for the maximum profit mix.