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Rules, policy and procedures are examples of
A) programmed decisions
B) nonprogrammed decisions
C)unstructured problems
D) structured problems
E) none of the above
Step by step
Solved in 4 steps
- 20. As defined, decision making involvesA) EliminatinguncertaintyB) LeadershipC) InformationtechnologyD) ChoosingE) Overcoming fears20 "customers complaints" and "product returns" are example of A.unstructed decision B.unstructured problem C. structured problem D. non-programmed decision E. programmed decisionQuantitative Methods 1.The minimum expected opportunity loss ____________________. a.) is equal to the highest expected payoff. b.) is greater than the expected value with perfect information. c.) is equal to the expected value of perfect information. d.) is computed when finding the minimax regret decision. 2.) A decision tree is preferable to a decision table when_________________________. a.) a number of sequential decisions are to be made. b.) probabilities are available. c.) the maximax criterion is used. d.) the objective is to maximize regret. 3.In decision theory, probabilities are associated with _____________________. a.) payoffs. b.) alternatives. c.) states of nature. d.) none of the above.
- %24 wP NWP Assessment Builder UI App X WP NWP Assessment Player UI Appli X A Player A Player Chapter 13 Wiley Assignment - H x A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld%3Da67db8cb-3f9b-4d0b-ae91-9b01aaada0c5#/question/7 e Chapter 13 Wiley Assignment - Homework Question 8 of 8 View Policies Current Attempt in Progress The concession stand at the Shelby High School stadium sells slices of pizza during boys' and girls' soccer games. Concession stand sales are a primary source of revenue for the high school athletic programs, so the athletic director wants to sell as much food as possible; however, any pizza not sold is given away free to the players, coaches, and referees or it is thrown away. Thus, the athletic director wants to determine a reorder point that will meet the demand for pizza. Pizza sales are normally distributed with a mean of 6 pizzas per hour and a standard deviation of 3.70 pizzas. The pizzas are ordered from Pizza Beth's restaurant, and the…solve a and b please. ( related to control and coordination) a. list the nine firefighting goals to be considered at every incident. ( just brief it). b. Multiple choice question: Aim, factors, courses and plan are steps in the ? options: i) standard decision making process ii) recognistion based decision making process iii) naturalistic decision making process iv) classical decision making process.7. a key tool used by all decision makers a. generate results b. purpose c. a model d. assumptions and limitations
- 6 . Individual Problems 22-5 Futura Furniture Products manufactures upscale office furniture for the “Office of the Future.” The sales division comprises regionally based sales offices made up of sales representatives and regional managers. Sales representatives—who report to the regional managers—conduct direct sales efforts with customers in their regions. As part of the sales process, representatives gather information about likely future orders and convey that information back to the regional managers. Regional managers use that information to create sales forecasts, which are then used as the basis for manufacturing schedules. Sales representatives and regional managers are both compensated on a salary plus commission (percentage of revenue, as pricing is centrally controlled). However, a regional manager's commission is adjusted based on regional sales that exceed the forecast target. Corporate managers are concerned with one of Futura's key products, the “DeskPod.” They…13. Decision making that occurs in response to unusual, unpredictable opportunities and threats requires : a. Time b. Effort c. Analysis d. All of the aboveс Grand Canyon University | Privat X Student Portal | Main Topic 1 - Decision Analysis - Homew Problem 4-25 eBook EVPI: $ Decision Alternative Manufacture, di Purchase, de https://v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker&takeAssignmentSessionLocator=&inprogress=false P(F)- State of Nature Low Demand Medium Demand High Demand 51 -20 10 X The Gorman Manufacturing Company must decide whether to manufacture a component part at its Milan, Michigan, plant or purchase the component part from a supplier. The resulting profit is dependent upon the demand for the product. The following payoff table shows the projected profit (in thousands of dollars): 52 40 45 BUS-660 Topic 1 DQ 1 53 100 70 The state-of-nature probabilities are P(S1) 0.35, P(S2) 0.35, and P(s) - 0.30. a. Use a decision tree to recommend a decision. Recommended decision: Purchase component b. Use EVPI to determine whether Gorman should attempt to obtain a better estimate of demand. d. What is Gorman's…
- what is the decision making framework tool (short, easy and simple)3.State the research problems for each of the following management decision problems:i. Should a new product be introduced? (Maximum 15-20words) ii. Should an advertising campaign that has run for 3 years be changed? (Maximum 15-20 words)iii. Should we change the design and add mores features in Samsung S21. (Maximum 15-20 words)Management Decision Systems (MDS) is a consulting company that specializes in the development of decision support systems. MDS has a four-person team working on a current project with a s company to set up a system that scrapes data from a collection of websites and then automatically generates a report for management on a daily basis. Time (Weeks) Activity A B с с Description Report generation Web scraping Testing Immediate Predecessor This answer has not been graded yet. A, B Optimistic 2 5 1 Most Probable (a) Construct the project network. (Submit a file with a maximum size of 1 MB.) Choose File No file chosen 9 10 1 O The probability estimate from (c) based on both paths is more accurate. O The probability estimates from (b) and (c) are equal. Pessimistic (d) Should you use the estimate in (b) or (c)? O The probability estimate from (b) based on the critical path is more accurate. 13 12 (b) Based solely on the critical path, estimate the probability that the project will be…