Exam 18: Appendix: Quantitative Module

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 S1 maximum regret for CA2 is 8. CA1 CA2 CA3 S1 8 5 12 S2 9 14 3 S3 16 13 20

Which of the following would a manager choose who wants to minimize her maximum regret?

In a short essay, explain what the value of P in queuing theory provides for a manager.

In a decision tree, each possible outcome ________.

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 many of each type of phone will it make? Monthly Product

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.What is the maximum number of iPhone units that the factory can make? Monthly Product

In a short essay, explain how the break-even point (BE)changes with variables TFC (total fixed costs), P (unit price), and VC (variable cost per unit).

A company is worried about meeting its interest expenses, so it should pay close attention to its times interest earned.

A queuing theory analysis for the Department of Motor Vehicles determines that customers typically wait for 8 minutes and that the agency should strive never to exceed more than 5 customers in a single line.An analysis comes up with a value for P of 0.125.What does this P value mean?

In the economic order quantity (EOQ)model, one of the costs that gets considered for analysis is the carrying costs of tying up money with inventory.

This regret matrix gives values for strategies S1, S2, and S3 for the Bigg Company and competitive strategies CA1, CA2, and CA3 for the Large Company.A minimax Bigg manager would choose S2 because it has the smallest maximum regret of 1. CA1 CA2 CA3 S1 5 5 3 S2 9 6 1 S3 10 2 5

For break-even analysis, which of the following is a fixed cost for a doughnut shop?

With choice S1, a manager sees gains of $10 million and $6 million.With choice S2, a manager sees gains of $12 million and $8 million.Only a pessimistic manager would choose S1.

A company has a current ratio of of 0.85 to 1.What should a manager in the company worry about?

Production data for Streaks is shown.Using linear programming, if running shoes are represented by R and soccer shoes by S, 5R + 3S < 750 is the correct constraint equation for design. Monthly Product

Decision trees show the profit outcomes for the plans for two doughnut stores in two different locations in a strong and a weak economy for the future.If the investor interested in building a store is pessimistic, in which location should she build?

Which of the following best defines regret in a payoff matrix?

This regret matrix gives potential dollar values in thousands for strategies S1, S2, S3, and S4 for Al's Fish Fry and competitive strategies CA1, CA2, and CA3 for Sal's Fish Bake.If Al wants to minimize his maximum regret, which strategy should he choose? CA1 CA2 CA3 S1 3 15 9 S2 12 10 12 S3 8 9 17 S4 13 16 3

How does a fixed-point reordering system work?

The decision tree shows the profit outcomes for a sandwich shop in a strong and a weak economy.The shop is likely to make $105,000, the sum of both projections.