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Midterm

ADMS - 3330 Review for Midterm 2011W.doc

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Department
Administrative Studies
Course
ADMS 3330
Professor
Douglas Kong
Semester
Winter

Description
ReviewAmanufacturingcompanymustdecidewhethertosellacomponentpartinCanadaor1sellitinMexicoIfthecomponentpartissoldinMexicothecompanyrealizesprofitsof12000IfthecomponentpartissoldinCanadatheprofitdependsonthelevelofdemandinCanadaThereisa35chancethatthedemandlevelislowIfthecomponentpartissoldinMexicothedemandlevelinCanadadoesnotinfluenceprofitinMexicoDemandLevelinCanadaHighLowSellinCanada3000012000SellinMexico1200012000AmarketstudyofthepotentialdemandlevelfortheproductisexpectedtoreporteitherencourageordiscourageresultThecostofconductingthismarketstudyis20000Thereisa28chancethatthedemandforthecomponentpartinCanadawillbelowgivenaencourageresultHoweverifthemarketstudyreportisandiscourageresultthenthereisa62chancethatthedemandfortheproductinCanadawillbelowThelikelihoodthatthecompanyreceivesandiscourageresultis401Drawthedecisiontreeandshowallrelatedprobabilities2CalculatetheEVSI3CalculatetheEVPI4ShouldthismanufacturerconductthismarketstudyWhy
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