12. APL Pharmaceutical has 5 sales person and wants to assign to 5 sales region. The amount of tme required by the sales person is shown in the following table . Identify the optimal assignment & compute total minimum time Region C Sales Region A Region B Region D Region E 1 17 10 15 16 20 2 12 9. 16 14 11 16 14 15 12 4 14 10 10 18 17 13 12 9 15 11

Let's say that a local TV station plans to drop three Friday evening programs at the endof the season. Bill Shapiro, the station's manager, developed a list of three potentialreplacement programs. Estimates of the advertising revenue (in dollars) that canbe expected for each of the new programs in the three vacated time slots are as in the table above. Steve has asked you to find the assignment of programs to time slots that will maximize total advertising revenue.  PLEASE USE PENCIL AND PAPER (NEATLY) SHOWING STEPS OR USE EXCEL, SHOWING STEPS AND FORMULAS, IF POSSIBLE

The new business venture, Best-In-World, has been manufacturing technology devices for over 20 years and is considering adding a new technology device to its music line. They have an established reputation for building quality devices, but they are rather novice in the music industry. The Chief Innovation and Design Officer, Julie Naugle-Hall, is tasked with hiring a marketing firm to conduct a survey to determine the feasibility and demand for their new music device. The follow decision table illustrates the potential payoffs for a high demand, moderate demand and low demand for the new music device. The decision will be whether to start production on this new device in small scale, large scale or not at all. Alternatives Answer Small-scale production Large-scale production No production Probabilities Step 2 of 3: What is the Expected Value with Perfect Information? $ Decision Table High Demand 850,000 1,700,000 0 0.20 State of Nature Moderate Demand 300,000 700,000 0 0.50 Low Demand…

The new business venture, Best-In-World, has been manufacturing technology devices for over 20 years and is considering adding a new technology device to its music line. They have an established reputation for building quality devices, but they are rather novice in the music industry. The Chief Innovation and Design Officer, Julie Naugle-Hall, is tasked with hiring a marketing firm to conduct a survey to determine the feasibility and demand for their new music device. The follow decision table illustrates the potential payoffs for a high demand, moderate demand and low demand for the new music device. The decision will be whether to start production on this new device in small scale, large scale or not at all. Alternatives Answer Small-scale production Large-scale production No production Probabilities Decision Table High Demand 850,000 1,700,000 0 0.20 State of Nature Moderate Demand 300,000 700,000 0 0.50 Low Demand -700,000 -1,000,000 0 0.30 Step 3 of 3: How much should Julie be…