EBK PRODUCTION AND OPERATIONS ANALYSIS
EBK PRODUCTION AND OPERATIONS ANALYSIS
7th Edition
ISBN: 9781478628385
Author: Olsen
Publisher: WAVELAND PRESS (ECONTENT)
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Chapter 11.11, Problem 42P

(a)

Summary Introduction

Interpretation: For locating three new machines in a machine shop, the likely violations in the seven listed assumptions, needs to be discussed.

Concept Introduction: Planning and taking strategic decisions on fixing locations involves large amount of investments of financial nature and they are also irreversible.

(b)

Summary Introduction

Interpretation: For locating an international network of telecommunications facilities, the likely violations in the seven listed assumptions, needs to be discussed.

Concept Introduction: Planning and taking strategic decisions on fixing locations involves large amount of investments of financial nature and they are also irreversible.

(c)

Summary Introduction

Interpretation: For locating a hospital in a scanty populated area, the likely violations in the seven listed assumptions, needs to be discussed.

Concept Introduction: Planning and taking strategic decisions on fixing locations involves large amount of investments of financial nature and they are also irreversible.

(d)

Summary Introduction

Interpretation: For locating spare parts depots to support a field repair organization, the likely violations in the seven listed assumptions, needs to be discussed.

Concept Introduction: Planning and taking strategic decisions on fixing locations involves large amount of investments of financial nature and they are also irreversible.

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For each of the location problems described, discuss which of the seven assumptions listed in this section are likely to be violated:d. Locating spare parts depots to support a field repair organization.
Tropical Bliss wants to use an event to promote its new products. The company will however need to decide regarding the location and venue to use for the launch of its exiting new productline. They have developed a payoff table for three locations: Montego-Bay, Kingston, and Mandeville, and have also identified three states of nature (the crowd response / turn-out) Large,Moderate and Low:   Payoffs are profits $000   Crowd Response (State of Nature) Locations Large Moderate Low Montego Bay 850 440 -85 Kingston 750 480 -20 Mandeville 650 550 110 A. What location should Tropical Bliss choose if the MaxiMax criterion is used? B. What location should Tropical Bliss choose if the LaPlace criterion is used? C. Using the MaxiMin criterion, which location should Tropical Bliss choose? D. If the probability of getting out a large crowd is 43%, the probability of getting out a moderate size crowd is 22%, and the probability of getting out a small crowd is 35%.Using expected…
Describe in detail the ideal location for clothing.
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