Exam 18: Appendix: Quantitative Module

Which psychological orientation would be typical of a manager who is optimistic about her business environment?

A queuing theory analysis for bank teller windows comes up with a value of 0.10 for P, indicating that customers are likely to wait about 10 minutes for each transaction.

Production data for the number of hours required per unit for making the Droid and iPhone versions of cell phone components by Bizzer, a high-tech manufacturing firm, is given below.Suppose the plant decides exclusively to make either the maximum number of iPhone components or the maximum number of Droid phones.Which choice will result in the greater profit? Monthly Product

This payoff matrix gives potential dollar gain values in thousands for strategies S1, S2, S3, and S4 for Sam's Pizza and competitive strategies CA1, CA2, and CA3 for Pam's Pizza.What is the maximum regret value for S4? CA1 CA2 CA3 S1 13 14 7 S2 7 17 12 S3 31 29 4 S4 20 12 21

This payoff matrix gives potential dollar gain values in thousands for strategies S1, S2, S3, and S4 for Sam's Pizza and competitive strategies CA1, CA2, and CA3 for Pam's Pizza.What is the maximum regret value for S2? CA1 CA2 CA3 S1 13 14 7 S2 7 17 12 S3 31 29 4 S4 20 12 21

Production data is shown for the number of hours required per unit for the Running and Soccer versions of Streaks, custom made athletic shoes.Using linear programming, if running shoes are represented by R and soccer shoes by S, the expression $16R + $20S is equal to the maximum profit that can be made. Monthly Product

With choice S1, a manager sees gains of $10 million and $6 million.With choice S2, a manager sees gains of $12 million and $3 million.The manager chooses S2, so she must be optimistic.

When is the acid test an especially important test for a company's liquidity?

An optimistic manager will typically follow a maximax choice.

The decision tree shows the profit outcomes for a sandwich shop in a strong and a weak economy.If the economy is strong, the shop is likely to make an $80,000 profit.

This payoff matrix gives values for strategies S1, S2, and S3 for the Bigg Company and competitive strategies CA1, CA2, and CA3 for the Large Company.From Bigg's point of view, the S3 maximum regret is 1. CA1 CA2 CA3 S1 8 5 12 S2 9 14 3 S3 16 13 20

Production data for the number of hours required per unit for making the Droid and iPhone versions of cell phone components by Bizzer, a high-tech manufacturing firm, is given below.Suppose the plant decides to make the maximum number of iPhone components possible and reach the rest of its capacity by making Droid phones.How much profit will it make? Monthly Product

In the economic order quantity (EOQ)model, decreasing the order size will increase carrying costs.

The purchase price of a product has no influence on calculating EOQ.

An organization with a high leverage ratio has usually been overly cautious and conservative in its borrowing.

In a decision tree, which of the following is true?

In the economic order quantity (EOQ)model, increasing the order size will decrease ordering costs.

The decision tree shows the profit outcomes for a toy store in a strong and a weak economy for next year.What is the expected value of the store's profit in a strong economy?

Which psychological orientation would be typical of a manager who is pessimistic about her business environment?

Production data for Streaks is shown.Using linear programming, the maximum number of running shoes that the plant can make is 250. Monthly Product