11. Rework Problem 9, assuming that the demand can be high, medium, and low with probabilities .7,...

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11. Rework Problem 9, assuming that the demand can be high, medium, and low with probabilities

.7, .2, and .1, respectively. Expansion of a small plant will occur only if demand in the first 2 years is high. The following table gives the annual income. Ignore the time

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Operations Research An Introduction

ISBN: 9780131889231

8th Edition

Authors: Hamdy A. Taha

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Question Posted: Sep 20, 2024 07:02 AM

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11. Rework Problem 9, assuming that the demand can be high, medium, and low with probabilities .7, .2, and .1, respectively. Expansion of a small plant will occur only if demand in the first 2 years...
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11. Rework Problem 9, assuming that the demand can be high, medium, and low with probabilities .7,...

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Alternative High demand Full-sized plant now 1000 Estimated annual income (in $1000) Medium demand 500 Low demand 300 Small-sized plant now 400 280 150 Expanded plant in 2 years 900 600 200

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Operations Research An Introduction

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