Questions from General Operations Management

Q: The city of Belgrade, Serbia, is contemplating building a second

The city of Belgrade, Serbia, is contemplating building a second airport to relieve congestion at the main airport and is considering two potential sites, X and Y. Hard Rock Hotels would like to purch...

Q: Given the following conditional value table, determine the appropriate decision under

Given the following conditional value table, determine the appropriate decision under uncertainty using a) maximax b) maximin c) equally likely

Q: The following payoff table provides profits based on various possible decision alternatives

The following payoff table provides profits based on various possible decision alternatives and various levels of demand: The probability of low demand is 0.4, whereas the probability of medium and hi...

Q: Given the following conditional value table, determine the appropriate decision assuming

Given the following conditional value table, determine the appropriate decision assuming that each state of nature has an equal likelihood of occurring:

Q: Even though independent gasoline stations have been having a difficult time,

Even though independent gasoline stations have been having a difficult time, Ian Langella has been thinking about starting his own independent gasoline station. Ian’s problem is to d...

Q: Like most other manufacturers, Regal Marine finds that it must spend

Like most other manufacturers, Regal Marine finds that it must spend a huge portion of its revenue on purchases. Regal has also found that the better its suppliers understand its end users, the better...

Q: Al-Andalus retail store in Saudi Arabia wants to decide on

Al-Andalus retail store in Saudi Arabia wants to decide on whether to build a large or a small store in the city of Dammam. The expected net present value of the return per month of the decision will...

Q: Ahmed Saif is the manager of a large agriculture firm that owns

Ahmed Saif is the manager of a large agriculture firm that owns 100,000 acres in the new valley project of Toshka in the Western desert of Egypt. He now needs to decide on which one of three crops to...

Q: A car manufacturer supplies brake pads from two main suppliers. Historical

A car manufacturer supplies brake pads from two main suppliers. Historical quality information indicates that for Supplier 1, there is a 65% probability that a given lot would contain 3% defects, 25%...

Q: Abdulla wants to decide on the best route to take for work

Abdulla wants to decide on the best route to take for work from two possible routes: A and B. The time taken to work on each route depends on the traffic. If Abdulla takes route A, it will take him 25...