Operations Management: Sustainability and Supply Chain Management (12th Edition)
Operations Management: Sustainability and Supply Chain Management (12th Edition)
12th Edition
ISBN: 9780134130422
Author: Jay Heizer, Barry Render, Chuck Munson
Publisher: PEARSON
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Chapter A, Problem 6DQ

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6. Explain how decision trees might be used in several of the 10 OM decisions.

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QUESTION 8 (SEE THE DECISION TREE BELOW) Answers are below the diagram. What is the final value of the decision tree? Large manufacturing Economics Good (.6) Small manufacturing Economics Poor (.4) Economics Good (.6) Economics Poor (.4) Rent empty structure Rent floor space 70,000 50,000 65,000 55,000 --5000 Rent empty structure Rent floor space30,000
Question 1After collecting all those information, David is trying to conceptualize his problem. Supposeyou were David, how you will analysing the problem.You are expected to describe and investigate the problem in a more systematic way, andprovide answers for:• What were the key decisions?• What were the key uncertainties?• What was the timing of decisions?• What was the timing of the resolution of uncertainty?• What data would he need in order to make an intelligent, defensible decision?
Question 13 Iogo is changing their package designs. What kind of decision-making are they doing? a) strategic decision-making b) tactical decision-making c) planning decision-making d) short-term decision-making
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