Question: Just need D, E, F, G d. Construct a decision tree for this problem. [10 points) e. If the maximum expected monetary value (EMV) is

Just need D, E, F, G d. Construct a decision treeJust need D, E, F, G d. Construct a decision treeJust need D, E, F, G

d. Construct a decision tree for this problem. [10 points) e. If the maximum expected monetary value (EMV) is used as the decision criterion, which decision alternative should the manufacturer select? What is the corresponding expected profit? [14 points] f. Suppose an economic research firm is trying to sell the perfect information about the demand scenarios to the manufacturer which will help the manufacturer select the best decision alternative. What would be the expected value of perfect information (EVPI) for the manufacturer? [9 points] g. If the economic research firm were asking $200,000 for the perfect information, would you advise the manufacturer to buy the information? Explain your reasoning [2 points] BH DECISION ALTERNATIVES Increase capacity Use overtime more equipment Slight increase $2.000.000 $1.600.000 (Demand Scenarios) Noderate increase $2.000.000 $1.800.000 $2,200.000 Great increase $2.000.000 $2,600,000 $2.200.000 Thich decision alternative thould the manufacturer select using the NAXIM-X approach What is the corresponding profit? [3 points) b. Which decision alternative should the manufacture: select using the NIAXININ approach? What is the corresponding profit? [3 points) c. Which decision alterative should the manufacturer select using the Laplace or equally. likely) approach? What is the corresponding prodir? [6 points] The manufacturer has estimated probabilities of various demand scenarios as below Palignt increase) = 0.30: P moderate increase = 0.40: and great fecrease) = UZO

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