Quezon City U-Belt 98,000 (UP – 23,757; Miriam – 7,000; Ateneo – 14,206; Others – 53,037) The data of the SUV ownership is as follows: UP 30% (Toyota 20% + Mitsubishi 10%) Miriam 60% (Toyota 40% + Mitsubishi 20%) Ateneo 80% (Subaru 60% + Toyota 20%) What is the total brand penetration of Toyota SUVs in QC U-Belt? What is the penetration share of Toyota in the QC U-belt?

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Decision Theory in Operations Management

Decision theory, also known as the theory of choice, is a branch of statistics that deals with making decisions based on the probability of the occurrence of an event. The chief purpose of decision theory is to identify the best course of action for the company with maximum payoffs.