Question: Hello! Following this completed decision tree example, please answer the prompt and create a new decision tree with the data from the new prompt. Thanks!
Hello! Following this completed decision tree example, please answer the prompt and create a new decision tree with the data from the new prompt. Thanks!
I have also been working on a facility expansion plan for one of our older warehouses. Based on
my initial analyses, I have identified four plans that we could go with. Same as the task above, I
have assumed two possibilities for demand level: High and Low. I used the same probabilities for
the two potential demand levels as I did in the task above. Please see the decision tree draft I have
worked on and solve it Please note; I did not get a chance to add the probabilities on the
HighLow demand in my draft below, please add those as well and make them part of your
calculations. I have attached the pptx file for the draft Ive prepared, please download the file and
complete the work on that file and attach the completed file. Please also provide your
recommendation for which expansion plan we should go with and provide a justification of your
rationale.
Example to follow:
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