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.

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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.

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