A car manufacturer buys fasteners such as bolts and nuts for its cars. On an average, the
Question:
A car manufacturer buys fasteners such as bolts and nuts for its cars. On an average, the company buys 1 million such pairs per month. The company inspects the arriving lots and transfers the lots to its store yard.
The price that Suppliers A and B charge for their products are different since their transportation cost and manufacturing technology are different. Following table shows the cost of the products suppliers deliver.
Use a decision tree analysis to determine from which supplier the company should procure the fasteners.
Transcribed Image Text:
Defective (%) 2 4 6 Probability of percentage defective Supplier A Supplier B .12 .25 .18 28 23 .18
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 65% (20 reviews)
Using decision tree analysis the company can determine the expected monetary value EMV for eac...View the full answer
Answered By
Dulal Roy
As a tutor, I have gained extensive hands-on experience working with students one-on-one and in small group settings. I have developed the ability to effectively assess my students' strengths and weaknesses, and to customize my teaching approach to meet their individual needs.
I am proficient at breaking down complex concepts into simpler, more digestible pieces, and at using a variety of teaching methods (such as visual aids, examples, and interactive exercises) to engage my students and help them understand and retain the material.
I have also gained a lot of experience in providing feedback and guidance to my students, helping them to develop their problem-solving skills and to become more independent learners. Overall, my hands-on experience as a tutor has given me a deep understanding of how to effectively support and encourage students in their learning journey.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
After the Internet investment bubble burst, the original concept of easyInternetcaf? (eIc) was just not working out. The management decided to retrench, closing and downsizing some of the original...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
A(n) ________ is a short-lived fashion. Relatively few people adopt this product, but it can spread quickly. Question content area bottom Part 1 A. fad B. creolization C. aspirational reference D....
-
1. How can a foreign organization such as Citigroup make an initial assessment of a host country market (such as China) in deciding how to do business there? What is involved in this process? 2. What...
-
When the price of corn increases, feedlots will: a. purchase more corn b. purchase less corn c. purchase same corn amount d. cannot tell
-
Find the interquartile range of the data set in Example 1. Are there any outliers? Data from Example 1 Each year in the U.S., automobile commuters waste fuel due to traffic congestion. The amounts...
-
The following data are for four independent process-costing departments. Inputs are added continuously. Required: Compute the equivalent units of production for each of the preceding departments...
-
The inputs of a JK FF are Delay and Toggle flip-flops. The Q output of the D-FF is connected to the J input and the Q output of the T-FF to the K input. (i) Draw the logic diagram using AND/NOR gates...
-
A survey of 1,520 American adults asked Do you feel overloaded with too much information? The results indicate that 23% of females feel information overload compared to 17% of males. The results are:...
-
A gas station at a busy highway offers free air service for tires of cars that use the pump. The attendant checks tire pressure and inflates or deflates to the recommeded level. On an average, the...
-
Volkswagen Germany plans to manufacture six of its models for the next near. Its manufacturing facility can produce Polo, Vento, Ameo, GTI, Tiguan, and Passat. Though it produces all these models, it...
-
Ennis College requires students to pay tuition each term before classes begin. Students who have not paid their tuition are not allowed to enroll or to attend classes. What journal entry do you think...
-
V. Fraga is a trader who sells all of his goods at 30% above cost. His books give the following information at 31 December 2013 You are required to: (a) Ascertain cost of goods sold. (b) Show the...
-
Fails business has a rate of inventory turnover of 10 times per year. Average inventory is 14,000. Mark-up is 40%. Expenses are 60% of gross profit. You are to calculate: (a) Cost of goods sold. (b)...
-
From the following information, calculate: (a) Earnings per share; (b) Price/earnings ratio; (c) Dividend yield; and (d) Dividend cover. (i) Net profit after interest and tax and preference dividends...
-
R. Jack gives you the following information as at 31 March 2014: Jacks mark-up is 40% on cost of goods sold. His average inventory during the year was 17,000. Draw up an income statement for the year...
-
Spectrum Ltd is a private company with an authorised capital of 700,000 divided into shares of 1 each. 500,000 shares have been issued and are fully paid. The company has been formed to acquire small...
-
A parallel plate capacitor has 10.0-cm-diameter circular plates that are separated by 2.00 mm of dry air. (a) What is the maximum charge that can be on this capacitor? (b) A neoprene dielectric is...
-
You are standing at x = 9.0 km and your assistant is standing at x = 3.0 km. Lightning bolt 1 strikes at x = 0 km and lightning bolt 2 strikes at x = 12.0 km. You see the flash from bolt 2 at t = 10...
-
a. Using revenue management, determine how many seats should be reserved for premium ticket holders. b. Considering your answer to part (a) and the possible outcomes listed above, how much total...
-
a. Using revenue management, determine how many seats should be reserved for premium ticket holders. b. Considering your answer to part (a) and the possible outcomes listed above, how much total...
-
Before Erin could finish, Tom spoke up. Yes, Larry you and Erin work up an energy planlike those aggregate production plans youre always bringing in. And have it ready by Thursday. The discussion was...
-
Using the car mileage data from Lab 1, define the following sets: A = {x|x> 125,000), B = {xx < 175,000) and C = {xlx <50,000). Demonstrate the following set equivalencies (DeMorgan's Law) using R...
-
6. Write out the truth tables for: a) a 3 input and gate b) an exclusive or gate c) a two input inclusive or gate 3 7. Describe the microprocessor instruction you would use to: 8. a) set bit 4 of a...
-
Alex Corporation reports the following components of stockholders' equity at December 31 of the prior year. Common stock-$25 par value, 50,000 shares authorized, 33,000 shares issued and outstanding...
Study smarter with the SolutionInn App