A full-service restaurant is considering opening a new facility in a specific city. The table below shows its ratings of four factors at each of two potential sites. Factor Weight Gary Mall Belt Line Affluence of local population .20 30 30 Traffic flow .40 20 20 Parking availability .20 30 20 Growth potential .20 10 30The score for Gary Mall is ________ and the score for Belt Line is ________. 90; 100 18; 120 34; 28 22; 24 none of these
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Factor | Weight | Gary Mall | Belt Line |
Affluence of local population | .20 | 30 | 30 |
Traffic flow | .40 | 20 | 20 |
Parking availability | .20 | 30 | 20 |
Growth potential | .20 | 10 | 30 |
90; 100
|
||
18; 120
|
||
34; 28
|
||
22; 24
|
||
none of these
|
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- Mark has just been fired as the college bookstore manager for setting prices too low (only 20 percent above suggested retail). He is considering opening a competing bookstore near the campus, and he has begun an analysis of the situation. There are two possible sites under consideration. One is relatively small, while the other is large. If he opens at Site 1 and demand is good, he will generate a profit of P50,000. If demand is low, he will lose 10,000. If he opens at Site 2 and demand is high, he will generate a profit of $80,000, but he will lose P30,000 if demand is low. He also has the option of not opening at either site. He believes that there is a 50 percent chance that demand will be high. A market research study will cost $5,000. The probability of a good demand given a favorable study is 0.8. The probability of a good demand given an unfavorable study is 0.1. There is a 60 percent chance that the study will be favorable. (a) Should Mark use the study? Why or why not? (b) If…ABC Company has several branches within the city. One of its branches is suffering from declining sales, andmanagement has a range of options:a. Shut down the branch and sell for P5Mb. Undertake a major renovationc. Undertake a cheaper renovationIn the past, 2/3 of renovation have achieved good results, while 1/3 achieved poor results. The major renovationwill cost P4M. Estimates of outcomes are as follows:a. Good results: P13.5M profitb. Poor results: P6.5M profitOn the other hand, there is a more economical renovation option that costs P2M. Estimates of outcomes areas follows:a. Good results: P8.5M profitb. Poor results: P 4M Required: Prepare a decision tree and recommend what action would be taken:a. Shut down the branch and sell for P5Mb. Undertake a major renovationc. Choose the economical optionComputex is a new company in the computer field. The company has produced one product that has been marketed and want to develop a new graphical display terminal.Mr. Renap is the Chief Engineer and has developed two alternatives: First alternative : Conventional way and use existing facilities with little modification cost ($50000), and it will not be very different from existing terminals that are being marketed by other competitors. Second alternative: Radical departure from existing terminals in the market. Now it is January 2021 and if the company must decide now, the radical development of graphical terminal depends upon the development of a special display screen which itself depends on the quality of coating materials. Mr.Renap investigation of this new material leads him to believe that there is: 30% chance High-quality coating material 50% chance Medium-quality coating material 20% chance Low-quality coating material He will not know for sure except in six months from now,…
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- Sean Willems has evaluated the vendors in Table S11.3 as well as F ricker V-Tech, the vendor in Problem( Referring to Problem S 11.1 2, Sean Willems, in additionto the two possible vendors evaluated in Table S11.3,has found a third possible vendor. He now wants to evaluate all three vendors using the weights in Table S 11 .3. He scores the third vendor, Fricker V-Tech, Ltd., as: Engineering Competence5, Process Capabili ty 5, Cost I, Quality 5, Performance to Schedule 4, and After-Sales Service I . Which vendor has the highest score? ),but the Quality Control Manager says that new da ta suggest thatSiemsen Systems, Inc.'s quality has deteriorated, a nd Siemsen should now score a 2 in the Quality category. Which of the three vendors now has the highest score?ABC Inc is considering the possibility of building an additional factory that would produce a new addition to its product line. The company is currently considering 2 options. The first is a small facility that could build be built at a cost of $6million. If demand for the new product is low, the company expects to receive $10million in discounted revenues(present value of future revenues) with the small building. On the other hand, if demand is high, it expects $12million in discounted revenues using the small building.The second option is to build a large facility at a cost of $9million. If the demand were to low, the company would expect $10million in discounted revenues with the large building. If demand is high, the company estimates that the discounted revenues would be $14million. In either case, the probability of demand being high is 0.40, and the probability of it being low is 0.60. Not constructing a new facility would result in no additional revenue being generated…A builder has located a piece of property that she would like to buy and eventually build on. The land is currently zoned for four homes per acre, but she is planning to request new zoning. What she builds depends on the approval of zoning requests and your analysis of this problem to advise her. With her input and your help, the decision process has been reduced to the following costs, alternatives, and probabilities:Cost of land: $2 millionProbability of rezoning: .60If the land is rezoned, there will be additional costs for new roads, lighting, and so on, of $1 million. If the land is rezoned, the contractor must decide whether to build a shopping center or 1,500 apartments that the tentative plan shows would be possible. If she builds a shopping center, there is a 70 percent chance that she can sell the shopping center to a large department store chain for $4 million over her construction cost, which excludes the land; and there is a 30 percent chance that she can sell it to an…