Homework Help is Here – Start Your Trial Now!
Business
Operations Management
A manufacturer is producing face masks and PPES for use by the DOH for its frontliners to be protected from COVID-19 in different hospitals nationwide. Below are the costs of production and demands of the face masks and PPEs required by DOH depending on the type of patients. Alternative Revenue per Unit Unit Cost S1 = Person Under S2 = Person Under Monitoring Investigation 15.00 8.00 15000 25000 Surgical Face Mask (SFM) N99 Face Mask (N99FM) N95 Face Mask (N95FM) Regular PPE (RPPE) Special PPE (SPPE) Probability 225.00 150.00 750.00 175.00 7000 1850.00 75.00 6500 500.00 10000 8000 8500 7000 $3 = Person with S4 = Person with COVID-19 in Ward COVID-19 in ICU 15000 5500 5000 1500 5000 2500 3000 1500.00 2000 1500 4500 5000 0.35 0.25 0.25 0.15 The manufacturers want to get the services of the research agency. The research agency offers its services to the manufacturer at a cost of PhP750,000 and provides a positive or a negative report. Based on the past experiences of the research agency, it mentioned that the probability of a positive report given S1 is 0.40 and probability of negative report given S3 is 0.30 and probability of negative report given S4 is 0.70. The probability of negative report is 0.49 and the probability of S2 given positive report is 0.2941. a) Determine the expected profit given sample information. Answer in 2 decimal places. Blank 1.

A manufacturer is producing face masks and PPES for use by the DOH for its frontliners to be protected from COVID-19 in different hospitals nationwide. Below are the costs of production and demands of the face masks and PPEs required by DOH depending on the type of patients. Alternative Revenue per Unit Unit Cost S1 = Person Under S2 = Person Under Monitoring Investigation 15.00 8.00 15000 25000 Surgical Face Mask (SFM) N99 Face Mask (N99FM) N95 Face Mask (N95FM) Regular PPE (RPPE) Special PPE (SPPE) Probability 225.00 150.00 750.00 175.00 7000 1850.00 75.00 6500 500.00 10000 8000 8500 7000 $3 = Person with S4 = Person with COVID-19 in Ward COVID-19 in ICU 15000 5500 5000 1500 5000 2500 3000 1500.00 2000 1500 4500 5000 0.35 0.25 0.25 0.15 The manufacturers want to get the services of the research agency. The research agency offers its services to the manufacturer at a cost of PhP750,000 and provides a positive or a negative report. Based on the past experiences of the research agency, it mentioned that the probability of a positive report given S1 is 0.40 and probability of negative report given S3 is 0.30 and probability of negative report given S4 is 0.70. The probability of negative report is 0.49 and the probability of S2 given positive report is 0.2941. a) Determine the expected profit given sample information. Answer in 2 decimal places. Blank 1.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
See similar textbooks
icon
Related questions
Question
100%

ANSWER ONLY A B C

QUESTION THREE A manufacturer is producing face masks and PPEs for use by the DOH for its frontliners to be protected from COVID-19 in different hospitals nationwide. Below are the costs of production and demands of the face masks and PPEs required by DOH depending on the type of patients. Alternative Revenue Unit per Unit $1 = Person Under S2 = Person Under Monitoring Investigation Cost 15.00 8.00 15000 Surgical Face Mask (SFM) N99 Face Mask (N99FM) N95 Face Mask (N95FM) Regular PPE (RPPE) Special PPE (SPPE) Probability 225.00 150.00 750.00 175.00 7000 1850.00 75.00 6500 500.00 10000 25000 8000 8500 7000 $3= Person with S4 = Person with COVID-19 in Ward COVID-19 in ICU 15000 5500 5000 1500 5000 2500 3000 0 1500.00 2000 1500 4500 5000 0.35 0.25 0.25 0.15 The manufacturers want to get the services of the research agency. The research agency offers its services to the manufacturer at a cost of PhP750,000 and provides a positive or a negative report. Based on the past experiences of the research agency, it mentioned that the probability of a positive report given $1 is 0.40 and probability of negative report given S3 is 0.30 and probability of negative report given S4 is 0.70. The probability of negative report is 0.49 and the probability of S2 given positive report is 0.2941. a) Determine the expected profit given sample information. Answer in 2 decimal places. Blank 1. b) What product should be produced (use SFM, N99FM, N95FM, RPPE, or SPPE) Blank 2 if positive report happens? c) What product should be produced (use SFM, N99FM, N95FM, RPPE, or SPPE) Blank 3 if negative report happens? d) What is s the maximum amount that the manufacturer can pay the research agency? Answer in 2 decimal places. Blank 4 e) Will the manufacture accept the offer of the research agency? Answer Yes or No. Blank 5
Transcribed Image Text:QUESTION THREE A manufacturer is producing face masks and PPEs for use by the DOH for its frontliners to be protected from COVID-19 in different hospitals nationwide. Below are the costs of production and demands of the face masks and PPEs required by DOH depending on the type of patients. Alternative Revenue Unit per Unit $1 = Person Under S2 = Person Under Monitoring Investigation Cost 15.00 8.00 15000 Surgical Face Mask (SFM) N99 Face Mask (N99FM) N95 Face Mask (N95FM) Regular PPE (RPPE) Special PPE (SPPE) Probability 225.00 150.00 750.00 175.00 7000 1850.00 75.00 6500 500.00 10000 25000 8000 8500 7000 $3= Person with S4 = Person with COVID-19 in Ward COVID-19 in ICU 15000 5500 5000 1500 5000 2500 3000 0 1500.00 2000 1500 4500 5000 0.35 0.25 0.25 0.15 The manufacturers want to get the services of the research agency. The research agency offers its services to the manufacturer at a cost of PhP750,000 and provides a positive or a negative report. Based on the past experiences of the research agency, it mentioned that the probability of a positive report given $1 is 0.40 and probability of negative report given S3 is 0.30 and probability of negative report given S4 is 0.70. The probability of negative report is 0.49 and the probability of S2 given positive report is 0.2941. a) Determine the expected profit given sample information. Answer in 2 decimal places. Blank 1. b) What product should be produced (use SFM, N99FM, N95FM, RPPE, or SPPE) Blank 2 if positive report happens? c) What product should be produced (use SFM, N99FM, N95FM, RPPE, or SPPE) Blank 3 if negative report happens? d) What is s the maximum amount that the manufacturer can pay the research agency? Answer in 2 decimal places. Blank 4 e) Will the manufacture accept the offer of the research agency? Answer Yes or No. Blank 5
Expert Solution
steps

Step by step

Solved in 3 steps with 3 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS