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 F, Problem 9DQ
Question:
9. Why is simulation such a widely used technique?
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DECISION TREE TUTORIAL QUESTIONS
QUESTION 1
An events management company is trying to decide whether or not to advertise an outdoor concert.
The sale of tickets is dependent on the weather. If the weather is poor it is expected that 5 000 tickets
will be sold without advertising. There is a 70% chance that the weather will be poor. If the weather is
good it is expected that 10 000 tickets will be sold without advertising. There is a 30% chance that the
weather will be good.
If the concert is advertised and the weather is poor, there is a 60% chance that the advertising will
stimulate further demand and ticket sales will increase to 7 000. If the weather is good there is a 25%
chance the advertising will stimulate demand and ticket sales will increase to 13 000.
The profit expected, before deducting the cost of advertising, at different levels of ticket sales are as
follows: The cost of advertising the concert will be N$15 000.
Number of tickets sold
Profit
N$
(20 000)
(5 000)
35 000
55…
Chapter F Solutions
Operations Management: Sustainability and Supply Chain Management (12th Edition)
Ch. F - Question: 1 State the seven steps, beginning with...Ch. F - Question: 2. List the advantages of simulation.Ch. F - Prob. 3DQCh. F - Question: 4. Explain the difference between...Ch. F - Question: 5. What is the role of random numbers in...Ch. F - Prob. 6DQCh. F - Question: 7. What is Monte Carlo simulation? What...Ch. F - Question: 8. List six ways that simulation can be...Ch. F - Question: 9. Why is simulation such a widely used...Ch. F - Prob. 10DQ
Ch. F - Prob. 11DQCh. F - Prob. 12DQCh. F - Prob. 13DQCh. F - Prob. 1PCh. F - Prob. 2PCh. F - Prob. 3PCh. F - Prob. 4PCh. F - Question F.5 Arnold Palmer Hospital is studying...Ch. F - Prob. 6PCh. F - Question: F.7 A warehouse manager at Mary Beth...Ch. F - Prob. 8PCh. F - Question: F.10 The number of cars arriving at...Ch. F - Prob. 10PCh. F - Prob. 11PCh. F - Question: F.14 Refer to the data in Solved...Ch. F - Prob. 16PCh. F - Prob. 17PCh. F - Question: F.15 Connecticut Tanning has two...Ch. F - Prob. 19PCh. F - Prob. 20PCh. F - Prob. 21PCh. F - Prob. 1CSCh. F - Prob. 2CS
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