Favorites '. Apple '. A Country Called Prison 'v Office 365 Oaks Christian '. Digital Resources for Macr... Bookmarks Menu 'v AT&T Ueverser Online Self," '. ATBJ Urverser Support Site '. AT&T U-verse- Manage v Poema Autobiograflco rim. (v 32! 323 327 329 332 337 342 345 350 350 351 355 362 363 366 357 n A Chapter 8 Decision Go to Chapter 8 Decision Analysis 8.3 Types of Decision-Making Environments 8.4 Decision Making Under Uncertainty 8.5 Decision Making under Risk 8.6 Decision Trees 8.7 Using Treeplan to Solve Decision Tree Problems with... 8.8 Decision Trees for Multistage Decision-Making Problems 8.9 Estimating Probability Values Using Bayesian Analysis 8.10 Utility Theory Summary Glossary Solved Problems Discussion Questions and Problems Case Study Ski Right Case Study Blake Electronics Internet case Studies Apple a boakshelf.vltalsource.com L .' ACountN Ca , Easconust 0W. Oaks Christian Digltal Rem, .croeconorwcs ' m n l' 'm , 'l' ll ui VItalSource Bookshelf Managerial DEClSIDn M, back to the supplier for $4. a. Which option should Waldo choose if it uses the maximax criterion? Which option should Waldo choose if it uses the maximin criterion? Which option should Waldo choose if it uses the equally likely criterion? Which option should Waldo choose if it uses the criterion of realism with a = 0.7? Which option should Waldo choose if it uses the minimax regret criterion? EDP-9P" 23. 8-23 After researching the market, Waldo Books (see Problem 8-21) has concluded that the probabilities of selling 50, 100, 150, and 200 books next month are 0.2, 0.35, 0.25, and 0.2, respectively. a. Using EMVs, how many books should Waldo order? b. Using EOL, how many books should Waldo order? c. Compute Waldo's EVwPI and EVPI. 24. 824 A souvenir retailer has an opportunity to establish a new location inside a large airport. The annual returns will depend primarily on the size of the space she rents and if the economy will be favorable. The retailer has worked with the airport concession commission, and has projected the following possible annual earnings associated with renting a small, medium, large, or very large space: Size Good Economy Falr Economy Poor Economy Small 5 70,000 $28.000 -$ 14,000 Medium $112,000 $42,000 $ 28,000 Large $140,000 $42,000 -$ 56,000 Very large $420,000 $35,000 -$224,000 a. What is the souvenir retailer's maximax decision? b. What is her maximin decision? c. What is her equally likely decision? d. What is her criterion of realism decision, using a = 0.8? e. What is her minimax regret decision? 25. 8-25 An ambulance driver has three major routes from the hospital base station to the universi trips weekly. The traffic patterns are, however, very complex. Under good conditions, Brc We've updated our read aloud ieaturel Give it a try here. G: Aa '4') i7 @ %
