Question
solve foll tasks 1. Yield Management is a type of ___________________ Group of answer choices a.Set Covering Problem b.Traveling Salesperson Problem c.Newsvendor Problem d.Allocation Problem
solve foll tasks
1. Yield Management is a type of ___________________
Group of answer choices
a.Set Covering Problem
b.Traveling Salesperson Problem
c.Newsvendor Problem
d.Allocation Problem
e.Fixed Cost Problem
2. Consider the following 4 outcomes - 5 decisions table. The values are profit numbers for each combination.
Using the Minimax (Minimize the maximum regret) approach, our decision would be:
Choice 1 | Choice 2 | Choice 3 | Choice 4 | Choice 5 | |
Outcome A | $50 | $80 | $70 | $90 | $120 |
Outcome B | $30 | $40 | $40 | $20 | $50 |
Outcome C | $90 | $70 | $80 | $110 | $40 |
Outcome D | $80 | $70 | $40 | $30 | $50 |
Group of answer choices
a.Choice 3
b.Choice 5
c.Choice 2
d.Choice 4
e.Choice 1
5.Suppose that we have an investment with an expected return of $500 and a variance of return of $10,000. Then, what is the Coefficient of Variation?
Group of answer choices
a.20
b.5
c.0.2
d.0.05
e.None of the others.
6.In a decision tree, the decision odes are usually represented by____________ and the event nodes are represented by __________.
Group of answer choices
a.circles, squares
b.squares, circles
c.circles, lines
d.squares, stars
e.stars, lines
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