. You can't submit work after the due date. X 6 OF 6 QUESTIONS REMAINING . You can't make a new submission attempt after due date. Given is a decision payoff table and a Sub Decision Payoff Table. Use Minimax Regret as an evaluation criterion to evaluate alternatives. V Attempts Future Demand 1 attempt left Alternatives Low Moderate High Grading Small Facility 53 47 41 Maximum points 60 points Medium Facility 47 51 46 Large Facility -15 36 51 Alternatives Worst Regrets Small Facility Medium Facility 2 Large Facility Questions Filter (6) Save and Close SubmitX 6 OF 6 QUESTIONS REMAINING a) The worst regrets for alternative Small Facility is Blank 1 b) The worst regrets for alternative Medium Facility is Blank 2 c) The worst regrets for alternative Large Facility is Blank 3 d) The best course of action or decision by using Minimax Regret is to select Blank 4 facility Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your answer Blank 4 Add your answer Question 2 9 Points Given is a Decision Tree Diagram. The Payoffs 1-14 are given in the table below. Answer questions a, b, and c. 1/3 PayOff 1.. 1/3 PayOff 2 1/3 PayOff 3 Questions Filter (6) Save and Close SubmitX 6 OF 6 QUESTIONS REMAINING Given is a Decision Tree Diagram. The Payoffs 1-14 are given in the table below. Answer questions a, b, and c. 1/3 PayOff 1.. 1/3 PayOff 2 1/3 PayOff 3 0.30 PayOff 4 0.50 Payoff 5 Alternative A 0.20 Payoff 6 1/3 PayOff 7 1/3 PayOff 8 1/3 PayOff 9 Alternative B 0.30 PayOff 10 0.50 PayOff 11 0.20 PayOff 12 1/2 PayOff 13 1/2 PayOff 14 Questions Filter (6) Save and Close Submit6 OF 6 QUESTIONS REMAINING Pay 1 2 3 4 3 6 7 g 9 10 11 12 13 14 off $ 9 3 ] 2 8 7 -2 3 8 5 2 -3 B 6 a) The value at node 4 is Blank 1 b) The value at node 1s Blank 2 (in 1 decimal place) c) The best course of action or decision is to select alternative Blank 3 Blank 1 r answer Blank 2 | Add your answer Blank 3 | Add your answer Question 3 (9 Points ) Given this | P Model helow: Questions Filter (6) v Save and Close Submit 6 OF 6 QUESTIONS REMAINING Question 4 A Company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buving the new equipment, the company used 4 workers, who produced an average of 82 carts per hour. Workers receive $11 per hour, and machine coast was $52 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $16 per hour while output increased by four carts per hour. a) Compute the multifactor productivity (MFP) (laber plus equipment) under the After buying the new equipment. The MFP (carts/S) =Blank 1 (round te 4 decimal places). b) Compute the % growth in productivity between the Prior to and after buying the new equipment. The growth in productivity = Blank 2 % (round to 2 decimal places) Blank 1 | Add your answer Blank 2 | Add your answer Aurnctione B {49 Bainte 1\\ Questions Filter (6) v Save and Close 6 OF 6 QUESTIONS REMAINING Question 3 (9 points ) Given this LP Model below: Max Z = 4x + 5y Subject to 3x+ 1y ==30 16X + 4y =0,y>=0 a) Solve for the quantities of x and y which will maximize Z. The x =Blank 1. The y = Blank 2. b) What is the maximum value of Z? The Z = Blank 3. Blank 1 | Add your answer Blank 2 | Add your answer Blank 3 | Add your Questions Filter (6) v Save and Close Submit 6 OF 6 QUESTIONS REMAINING Question 5 ( 12 Points ) A producer of pottery is considering the addition of a new plant to absorb the backlog of demand that now exists. The primary location being considered will have the following cost structures as shown in the table. The producer knows there is a big order or order contract that will be awarded by the giant retail WalWal The producer is not certain as what capacity production is to produce, It all depends on WalWal's contract. The producer has also been informed, the first batch of pottery is required to ship in a very tight time frame from the first production run. The producer decides to plan ahead and select the best production process to set up for manufacturing. Process 1 Process 2 Process 3 Ann Fixed Cost 9.835 15,681 6,589 variable cost $unit 0.76 0.61 115 The producer wants vou to help them to identify at what range of production quantity (Q) for Process 1, Process 2, and Process 3 is best to adopt, Enter Q range with whole number and use signs such as = fo describe greater or less than equal to. Ex. 1234 Q = {o describe greater or less than equal fo. Ex. 1234