Hello,

for Case Study 3 (Toledo Leather Company), would there be a solution available yet ?

Thanks

Here the two questions I am looking for answers for:

1. Using a decision tree based on maximizing expectedprofit, decide which machine Toledo Leather should select. Should overtime be scheduled? Or should a machinebe modified and, if so, under what circumstances?

2. Set up a payoff matrix for the sales volumes given (assume the machines cannot be modified and overtime isused), and assume that the probabilities for the five levels of sales are not known. Then decide which machineshould be purchased using the maximax criterion, themaximin criterion, and the equally likely criterion.

Thanks