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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. Unit Alternative Revenue per Unit Cost 15.00 8.00 15000 Surgical Face Mask (SFM) N99 Face Mask (N99FM) N95 Face Mask (N95FM) Regular PPE (RPPE) 225.00 150.00 750.00 $1 = Person Under $2= Person Under Monitoring Investigation 1850.00 175.00 7000 75.00 6500 500.00 10000 25000 8000 8500 7000 $3 = Person with S4 = Person with COVID-19 in Ward COVID-19 in ICU 1500 0.25 15000 5500 5000 1500 5000 2500 3000 Special PPE 1500.00 2000 4500 (SPPE) Probability 0.35 0.25 a) What is the expected value Blank 1 with perfect information. What is EVPI Blank 2 of this problem. b) Determine the what should the manufacturer produce (use SFM, N99FM, N95FM, RPPE, or SPPE) Blank 3 if it wants to minimize its opportunity loss. What is its expected opportunity loss? Blank 4 0 5000 0.15

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. Unit Alternative Revenue per Unit Cost 15.00 8.00 15000 Surgical Face Mask (SFM) N99 Face Mask (N99FM) N95 Face Mask (N95FM) Regular PPE (RPPE) 225.00 150.00 750.00 $1 = Person Under $2= Person Under Monitoring Investigation 1850.00 175.00 7000 75.00 6500 500.00 10000 25000 8000 8500 7000 $3 = Person with S4 = Person with COVID-19 in Ward COVID-19 in ICU 1500 0.25 15000 5500 5000 1500 5000 2500 3000 Special PPE 1500.00 2000 4500 (SPPE) Probability 0.35 0.25 a) What is the expected value Blank 1 with perfect information. What is EVPI Blank 2 of this problem. b) Determine the what should the manufacturer produce (use SFM, N99FM, N95FM, RPPE, or SPPE) Blank 3 if it wants to minimize its opportunity loss. What is its expected opportunity loss? Blank 4 0 5000 0.15

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...
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QUESTION FOUR 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. Unit Alternative Revenue per Unit S1 = Person Under $2 = 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) 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 1500 0.25 15000 5500 5000 1500 5000 2500 3000 Special PPE 1500.00 2000 4500 (SPPE) Probability 0.35 0.25 a) What is the expected value Blank 1 with perfect information. What is EVPI Blank 2 of this problem. b) Determine the what should the manufacturer produce (use SFM, N99FM, N95FM, RPPE, or SPPE) Blank 3 if it wants to minimize its opportunity loss. What is its expected opportunity loss? Blank 4 0 5000 0.15
Transcribed Image Text:QUESTION FOUR 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. Unit Alternative Revenue per Unit S1 = Person Under $2 = 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) 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 1500 0.25 15000 5500 5000 1500 5000 2500 3000 Special PPE 1500.00 2000 4500 (SPPE) Probability 0.35 0.25 a) What is the expected value Blank 1 with perfect information. What is EVPI Blank 2 of this problem. b) Determine the what should the manufacturer produce (use SFM, N99FM, N95FM, RPPE, or SPPE) Blank 3 if it wants to minimize its opportunity loss. What is its expected opportunity loss? Blank 4 0 5000 0.15
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