OPERATIONS MANAGEMENT CUSTOM ACCESS
11th Edition
ISBN: 9780135622438
Author: KRAJEWSKI
Publisher: PEARSON EDUCATION (COLLEGE)
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Textbook Question
Chapter A, Problem 12P
The Forsite Company is screening three ideas for new services. Resource constraints allow only one idea to be commercialized at the present time. The following estimates have been made for the five performance criteria that management believes to be most important:
- Calculate a total weighted score for each alternative. Use a preference matrix and assume equal weights for each performance criterion. Which alternative is best? Worst?
- Suppose that the expected
ROI is given twice the weight assigned to each of the remaining criteria. (The sum of weights should remain the same as in part [a].) Does this modification affect the ranking of the three potential services?
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XYZ work in a small electric business in Basrah city. He had a
sunshine controller device. He had to decide how to market his
idea, and in the short term, his options could be summarised as
selling the device locally, selling nationally through a website,
entering a partnership with an existing company or selling the
patent. His returns depended on demand, which he described
as high, medium, or low.
Using this simple model, he developed the matrix of potential
annual gains shown below:
Options
Demand
High
Medium
Low
Market locally
60
90
45
Use website
23
90
78
Partnership
12
25
89
Sell patent
30
30
30
Identify the decision taken under
the following approaches:
(1) Equal probability
(2) Regret
(3) Hurwicz criterion.
Note: The decision maker's degree of Pessimistic (a) is 0.3.
Rochor & Co has the following sales forecast for the next quarter: April, 20,000 units; May, 24,000 units; June, 28,000 units. Sales totalled 16,000 units in March. The March finished goods inventory was 4,000 units. End-of- month finished goods inventory levels are planned to be equal to 20 percent of the next month's planned sales. How many units would be produced in April?
Group of answer choices
20,000 units
20,800 units
5,600 units
4,800 units
Chapter A Solutions
OPERATIONS MANAGEMENT CUSTOM ACCESS
Ch. A - Mary Williams, owner of Williams Products, is...Ch. A - Prob. 2PCh. A - An interactive television service that costs $10...Ch. A - A restaurant is considering adding fresh brook...Ch. A - Spartan Castings must implement a manufacturing...Ch. A - A news clipping service is considering...Ch. A - Prob. 7PCh. A - Techno Corporation is currently manufacturing an...Ch. A - The Tri-County Generation and Transmission...Ch. A - Prob. 10P
Ch. A - Tri-County G&T sells 150,000 MWh per year of...Ch. A - The Forsite Company is screening three ideas for...Ch. A - Prob. 13PCh. A - Prob. 14PCh. A - Janice Gould of Krebs Consulting is in the process...Ch. A - Build-Rite Construction has received favorable...Ch. A - Prob. 17PCh. A - Prob. 18PCh. A - Prob. 20PCh. A - Prob. 21PCh. A - Prob. 22PCh. A - Prob. 24P
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