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Exam (elaborations)

OMGT || CORRECTLY SOLVED.

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  • Course
  • OMGT
  • Institution
  • OMGT

Revised BK, conduct mkt research, max EMV decisoins is BK90? correct answers False Revised BK, what is BK's max EMV net of survey cost if BK chooses to conduct the mkt research? correct answers $14,784.60 Revised data BK, what is BK's max EMV net survey cost if BK chooses to conduct the mkt r...

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  • August 7, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • OMGT
  • OMGT
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ProPerfomer
OMGT || CORRECTLY SOLVED.
Revised BK, conduct mkt research, max EMV decisoins is BK90? correct answers False

Revised BK, what is BK's max EMV net of survey cost if BK chooses to conduct the mkt
research? correct answers $14,784.60

Revised data BK, what is BK's max EMV net survey cost if BK chooses to conduct the mkt
research and results indicates Favorable? correct answers $17,077

What is the EMV for BK70? correct answers $11,600

What is the max EMV if BK chooses not to hire Campbell mktg? correct answers $14,000

What is BK's max EMV decision? correct answers BK90

Revised data BK, what is BK's max EMV decision? correct answers BK50

Revised data BK, what is BK's EVPI? correct answers $1,600

What is BK's regret if they decide on BK70 and S1=80 occurs? correct answers 2,000

What in BK's min-max regret decision? correct answers BK90

What is BK's regret if they decide on BK90 and S3=120 occurs? correct answers 0

Revised data BK, what is BK's maxi-min payoff? correct answers $11,000

Revised data BK, what is BK's regret if they decide on BK70 and S1=80 occurs? correct
answers 3,000

Unloading problem, How many arrivals come in night 1? correct answers 3

Unloading problem, how many trucks are delayed in night 3? correct answers 1

Unloading problem, what is the average # of arrivals? correct answers 2.4

Barbara Flynn, What is the average number of boxes per day sold at a discount at the end of 5
days? correct answers 4

Barbara Flynn, what is the total revenue generated from discounted sales over all 5 days?
correct answers $75,000

Barbara Flynn, how many lunch boxes are sold during day 2 at the regular price? correct
answers 20

Newspaper, what is the demand for day 5? correct answers 32

Newspaper, what are the revenues in day 2? correct answers 15

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