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- (Provide complete decision table solution) which decision alternative has a minimum payoff value from the maximum regrets? a. construct a facility in talisay b. both construct a facility in talisay and subcontracting ohlala move c. hire additional drivers in mandaue d. sobcontracting ohlala move what realism approach decision alternative has maximum payoff? a. construct a facility in talisay b. both hire additional drivers in mandaue and construct a facility in talisay c. hire additional drivers in mandaue d. sobcontracting ohlala move which equally likely decision alternative has the best payoff value? a. construct a facility in talisay b. hire additional drivvers in mandaue c. either subcontracting ohlala move or construct a facility in talisay d. subcontracting ohlala move.John and Jane Darling are newlyweds trying to decide amongseveral available rentals. Alternatives were scored on a scaleof 1 to 5 (5 = best) against weighted performance criteria,as shown in Table 13.7. The criteria included rent, proximity to work and recreational opportunities, security, and otherneighborhood characteristics associated with the couple’svalues and lifestyle. Alternative A is an apartment, B is abungalow, C is a condo, and D is a downstairs apartment inJane’s parents’ home.Which location is indicated by the preference matrix? Whatqualitative factors might cause this preference to change?ABC is a small chain of stores specializing in casual cotton clothing. The co. currently has 5 stores and wants to open a new one in one of 3 locations. Five factors are being considered for this decision. The weights and scores assigned by a hired consultant are as follows; Location factor College proximity Median income Vehicle traffic Mall quality & size Proximity to shopping Weight 0.30 0.25 0.25 0.10 0.10 Scores (0 to 100) Mall 1 Mall 2 Mall 3 90 65 79 80 50 40 60 75 80 60 90 90 100 80 30 Required Given that all the sites have basically the same leasing costs and labor and operating costs, advice ABC on where to locate the new store.
- A steel company is considering the relocation of one of its manufacturing plants. The company’s executives have selected four areas that they believe are suitable locations. However, they want to determine if the average wages are significantly different in any of the locations, since this could have a major impact on the cost of production. A survey of hourly wages of similar workers in each of the four areas is performed with the following results. Do the data indicate a significant difference among the average hourly wages in the three areas? Hourly Wages ($) Area 1 Area 2 Area 3 10 20 15 12 25 16 8 12 22 13 18 13 9 14 15 24 15 15 13 20 19 13 22 15 Step 1 of 2: Find the value of the test statistic to test for a difference in the areas. Round your answer to two decimal places, if necessary. Step 2 of 2: Make the decision to reject or fail to reject the null hypothesis of equal average hourly wages in the three areas and state the conclusion in terms of…The Zhao family of Atlanta, Georgia, is planning its annual summer vacation. Three vacation locations along with criteria weights and location ratings follow. What is the recommended vacation location? Criteria Travel distance Vacation Entertainment available Outdoor activities Unique experience Family fun O Myrtle Beach, South Carolina OSmoky Mountains Branson, Missouri Weight 2 5 3 2 4 5 Myrtle Beach, South Carolina 5 5 7 9 5 8 Ratings Smoky Mountains 9 6 4 6 9 9 Branson, Missouri 3 8 4 5 9 8Evaluating location alternatives by comparing their composite(weighted-average) scores involvesa) factor-rating analysis.b) cost–volume analysis.c) transportation model analysis.d) linear regression analysis.e) crossover analysis.
- John and Jane Darling are newlyweds trying to decide among several available rentals. Alternatives were scored on a scale of 1 to 5 (5 = Best) against weighted performance criteria, as shown in the table below. The criteria included rent, proximity to work and recreational opportunities, security and other neighborhood characteristics associated with the couple values and lifestyle. Alternative A is an apartment, B is a bungalow, C is a condo and D is a downstairs apartment in Jane's parents' home. Which location is indicated by the performance matrix? Factor Score for Each Location Location Factor Factor Weight A B D 1. Rent 25 3 3 4 2. Quality of Life 20 3 3 4 4 3. Schools 2 5 1 3 4. Proximity to work 10 2 3 4 5. Proximity to recreation 15 1 5 2 6. Neighborhood security 7. Utilities 15 1 2 10 1 2 Total 100 The weighted score for location A is (Enter your response as an integer.) The weighted score for location B is (Enter your response as an integer.) The weighted score for location…Dwayne Whitten, president of Whitten Industries, is considering whether to build a manufacturing plant in north Texas. His decision is summarized in the following table: Alternatives Favorable Market Unfavorable Market Build large plant $400,000 −$300,000 Build small plant $120,000 −$15,000 Don't Build $0 $0 Market Probability 0.40 0.60 a) The correct decision tree for Dwayne is shown in Figure ____ (all payoffs are in thousands). b) To maximize the return, Dwayne's decision should be to ______ . c) For Dwayne, the expected value of perfect information (EVPI) = $___________ (enter your answer as a whole numA landowner is considering a community development project. Even though he realizes that the current market for housing is not very favourable, he believes that there will be an influx of retirees into the area within the next five years. He is trying to decide between two alternatives: (1) building detached homes in a planned retirement community or (2) building a smaller townhouse/condominium complex. Mortgage interest rates will affect his outcomes as shown (in $ millions) in the accompanying payoff table. According to the maximax approach, what should the landowner do? Click the icon to view the payoff table. ..... A. Build townhouses/condominiums B. Build detached homes in a planned retirement community if interest rates go up, otherwise build townhouses/condominiums C. Build detached homes in a planned retirement community D. Build detached homes in a planned retirement community if interest rates go down, otherwise build townhouses/condominiums O E. Build detached homes in a…
- A city mayor you know is interested in recruiting Amazon to build in their city but doesn't know what a company considers before choosing where to build a processing plant. She has hired you to help her and her city council understands what decision factors Amazon might consider before making its choice. Research how companies decide where to locate a facility, and then write a brief report identifying and explaining at least 8 decision factors Amazon might consider before choosing a city to locate their new headquarters.A. Identify factors that should be considered when choosing a location for a business B. Identify three different categories of spatial decision-making in businessA manufacturing company plans to expand their production and logistics facility into one of the countries listed in the following table. The cost of building such facilities in each country differ based on the state of its economic and political climate. Three cost estimates were made per country in million dollars. a. What is the best decision alternative using MAXIMAX CRITERION and its cost? b. What is the best decision alternative if it is EQUAL LIKELIHOOD? c. What is the best decision alternative using MAXIMIN CRITERION and its cost? d. What is the best decision alternative using MINIMAX REGRET decision criterion? e. What is the best decision alternative using criterion of realism at alpha = 0.8?