Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 1, Problem 3P
Summary Introduction
Interpretation:Different levels of decision making are to be determined.
Concept Introduction:There are the three level in the hierarchy of decision making which decides what we are going to do, how we can be achieve and who can complete the work.
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Chapter 1 Solutions
Practical Operations Management
Ch. 1 - Prob. 1DQCh. 1 - Prob. 2DQCh. 1 - Prob. 3DQCh. 1 - Prob. 4DQCh. 1 - Prob. 5DQCh. 1 - Prob. 6DQCh. 1 - Prob. 7DQCh. 1 - Prob. 1PCh. 1 - Prob. 2PCh. 1 - Prob. 3P
Ch. 1 - Prob. 4PCh. 1 - Prob. 5PCh. 1 - Prob. 6PCh. 1 - Prob. 7PCh. 1 - Prob. 8PCh. 1 - Prob. 9PCh. 1 - Prob. 10PCh. 1 - Prob. 11PCh. 1 - Prob. 12PCh. 1 - Prob. 13PCh. 1 - Prob. 14PCh. 1 - Prob. 15PCh. 1 - Prob. 16PCh. 1 - Prob. 17PCh. 1 - Prob. 18PCh. 1 - Prob. 19PCh. 1 - Prob. 20PCh. 1 - Prob. 21PCh. 1 - Prob. 22PCh. 1 - Prob. 1.1QCh. 1 - Prob. 1.2QCh. 1 - Prob. 1.3QCh. 1 - Prob. 2.1QCh. 1 - Prob. 2.2QCh. 1 - Prob. 2.3QCh. 1 - Prob. 3.1QCh. 1 - Prob. 3.2QCh. 1 - Prob. 3.3QCh. 1 - Prob. 3.4Q
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- SWOT, in design process, stands for Seeking Ways Out Together. The basic structure of decision making must end by clarifying the issue that needs a satisfactory solution. True or False?arrow_forwardHow come a management would choose a decision tree over a decision table in operations ?arrow_forwardPLEASE Make a decision tree diagram and show all payoffs!!! You are a logistics manager for Alphasmart, a smartphone manufacturer. You are trying to selecta single supplier for the raw materials for your product. Two companies can provide the necessarymaterials – Hunts and Madis.Hunts has sufficient capacity to meet your demand and charges $5.00 per unit. Madis is a smallsupplier with a limited capacity, can supply up to 36,000 units per year, and charges $4.50 perunit of the raw material. If you do not get raw material from your supplier, you buy from the spotmarket at $10 per unit.Alphasmart sold 30,000 smartphones last year and estimates demand for smartphones to go up by20% with a probability of 60 percent and to remain the same as last year with a probability of40% for the first year. The same percentage increase in demand and probability would apply forthe second year as well. Alphasmart uses a discount rate of 10 percent. Assume all costs areincurred at the end of the year and…arrow_forward
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- 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…arrow_forwardPrepare a proposal that covers the following The logistics team decided that missing guaranteed deadlines and late delivery of goods and increase in the motor vehicles gas bill are identifiable control problems. You are asked to analyse these issues and present your evaluation of these, as well as present one resolution to each issue mentionedarrow_forwardBelow is a decision table for Gregor’s Tennis School. Director Gregor Anderson is considering expanding his school to accommodate the potential increased interest in youth tennis lessons, camps and teams. The decision table below describes his situation.Decision Table State of Nature Alternatives High Demand Moderate Demand Low Demand Add a new building 30,00030,000 9,5009,500 −35,000-35,000 Extend hours for existing building 25,00025,000 4,2004,200 −4,000-4,000 Do Nothing 00 00 00 Step 2 of 3: What is the estimated payoff for adding a new building during moderate demand?arrow_forward
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