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Author Question: A toy manufacturer has three different mechanisms that can be installed in a doll that it sells. The ... (Read 607 times)

jrubin

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on: Dec 3, 2019
A toy manufacturer has three different mechanisms that can be installed in a doll that it sells. The different mechanisms have three different setup costs (overheads) and variable costs and, therefore, the profit from the dolls is dependent on the volume of sales. The anticipated payoffs are as follows.

​Light DemandModerate DemandHeavy Demand
Probability0.250.450.3
Wind-up action$325,000 $190,000 $170,000
Pneumatic action$300,000 $420,000 $400,000
Electrical action-$400,000$240,000 $800,000

a. What is the EMV of each decision alternative?
b. Which action should be selected?
c. What is the expected value with perfect information?
d. What is the expected value of perfect information?
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Marked as best answer by jrubin on Dec 3, 2019

Eazy416

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Reply #1 on: Dec 3, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Shraiya Dhingra

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Reply #2 on: Jul 28, 2021
Thank you
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