Consider the two capacity options for Arktec Manufacturing, shown in problem 2. Suppose the company has identied
Question:
DEMAND (UNITS PER YEAR) PROBABILITY
25,000.................. 30%
60,000................. 40%
100,000................ 30%
a. What is the expected value of each option? Which option would you choose, based on this information?
b. Suppose the lowest and highest demand levels are updated to 40,000 and 110,000, respectively. Recalculate the expected values. What happened?
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Related Book For 
Introduction to Operations and Supply Chain Management
ISBN: 978-0132747325
3rd edition
Authors: Cecil B. Bozarth, Robert B. Handfield
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