Question: Considering the model below and your solving of it, what solutions would it best? j Kathy's Landscaping Business has an all-season shop that caters to

Considering the model below and your solving of it, what solutions would it best?

Considering the model below and your solving of it, what solutions would

j Kathy's Landscaping Business has an all-season shop that caters to several hotels and organizations around the area, throughout the year and for which she needs a 0' selection of exotic plants in large quantities. She has two (2) choices either buy the plants from another plant nursery or grow the plants internally at their facilities. Each option has requirements, and it is important to make a decision that will retain Kathy's customers' through the months to come. '3- ' *hn-- I. Using a Decision Tree Model, please show which of the above scenario would be more benecial to Kathy's business if based on the best Expected Monetary Value. Kathy has already provided you with some detailed information. Remember to show your ll calculations, so that you can understand where you got it right or wrong. Please complete each branch of the model to have a means of making a decision for Kathy's issue. EMVreloted to setting up a nursery and growing the plants ourselves i036 Probability 5 80,000 Impact l Internally '32? \"battle; 30% Probability Exotic Plants "" "mm" 5\" $50,000lmpact Glow or Buy? I neat\": 70% Probability $60,000 Impact Buy from Vendors \"0% .. MW: 30% Probability omit Guarantee $40k 9' $40,0001mpact EMV related to selecting vendors, establishing a contract and ensuring repeat orders

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!