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Devry GSCM 209 Week 6 Quiz Latest

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Devry GSCM 209 Week 6 Quiz Latest

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Devry GSCM 209 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 Buckeye Bob has developed for GoSlow Enterprises.

Decision Probability 0.2 0.5 0.3
Alternatives Low Medium High
A $ 40 $ 100 $ 60
B $ 85 $ 60 $ 70
C $ 60 $ 70 $ 70
D $ 65 $ 75 $ 70
E $ 70 $ 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.

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Devry GSCM 209 Week 6 Quiz Latest

Best Devry GSCM 209 Week 6 Quiz Latest
Devry GSCM 209 Week 6 Quiz Latest

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