Figure 18.3 gives a decision tree presented in the book Production/Operations Management by William J. Stevenson. Use this tree diagram to do the following:
a. Find the expected monetary value for each of the alternatives (subcontract, expand, and build).
b. Determine the alternative that should be selected in order to maximize the expected monetary value.

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Declslon Tree for Exercise 18.13 FIGURE 18.3 $1.0 -$1.3 Do nothing Medium demand (5) Large demand (.1) Small demand (4) Expand -$1.3 Do nothing Expand -$1.5 $1.6 Build $1.8 -$0.7 Do nothing Other use #1 $1.5 Small demand (4) Medium demand (.5) Other use 2 $1.0 Expand -$1.6 Large demand (.1) $1.6 Do nothing Subcontract $1.5 Build $1.7 -$0.9 Do nothing Other use #1 Small demand (.4) Medium demand (5) $1.4 Other use 2 -$1.0 $1.0 Do nothing Large demand (1) Other use #1 $1.1 Other use 2 -$0.9 $2.4 peaudogng Buld