Questions from Management Science

Q: Can you ever use the material in this chapter to help you

Can you ever use the material in this chapter to help you make your own real-life decisions? Consider the following. You are about to take an important and difficult exam in one of your MBA courses, a...

Q: Explain in some detail how the PrecisionTree calculations for the Acme problem

Explain in some detail how the PrecisionTree calculations for the Acme problem are exactly the same as those for the hand-drawn decision tree. In other words, explain exactly how PrecisionTree gets th...

Q: Use PrecisionTree’s Sensitivity Analysis tools to perform the sensitivity analysis requested in

Use PrecisionTree’s Sensitivity Analysis tools to perform the sensitivity analysis requested in problem 5 of the previous section. Data from Problem 5: Perform a sensitivity analysis on the probabili...

Q: Use the RAND function and the Copy command to generate 100 random

Use the RAND function and the Copy command to generate 100 random numbers. a. What fraction of the random numbers are smaller than 0.5? b. What fraction of the time is a random number less than 0.5 fo...

Q: Continuing the preceding problem, suppose that another key uncertain input is

Continuing the preceding problem, suppose that another key uncertain input is the development time, which is measured in an integer number of months. For each of the following scenarios, choose an app...

Q: Suppose you own an expensive car and purchase auto insurance. This

Suppose you own an expensive car and purchase auto insurance. This insurance has a $1000 deductible, so that if you have an accident and the damage is less than $1000, you pay for it out of your pocke...

Q: In August of the current year, a car dealer is trying

In August of the current year, a car dealer is trying to determine how many cars of the next model year to order. Each car ordered in August costs $20,000. The demand for the dealer’s next year models...

Q: In the Walton Bookstore example, suppose that Walton receives no money

In the Walton Bookstore example, suppose that Walton receives no money for the first 50 excess calendars returned but receives $2.50 for every calendar after the first 50 returned. Does this change th...

Q: A sweatshirt supplier is trying to decide how many sweatshirts to print

A sweatshirt supplier is trying to decide how many sweatshirts to print for the upcoming NCAA basketball championships. The final four teams have emerged from the quarterfinal round, and there is now...

Q: Modify the Pigskin model so that there are eight months in the

Modify the Pigskin model so that there are eight months in the planning horizon. You can make up reasonable values for any extra required data. Don’t forget to modify range names. Then modify the mode...