Answer Happy

XYZ produces high-resolution monitors. The production run is for 100,000 units. The operations manager has 4 options for producing high-resolution monitors. The table below illustrates the fixed cost of installing each design A B C D 100000 150000 175000 135000 Design option A could yield 60 good monitors per 100. design B could produce 65 good monitors per 100. Design option C could yield 64 good units per 100, and design D I could yield 59 good units per 100. Good or bad, each monitor will cost $75. Each good monitor will be sold for $150 in low market demand and $175 in high market demand. Note, in design A and design B, bad monitors are destroyed and have no salvage value. However, in C and D designs, bad monitors are recycled and sold for 10$, regardless the market situation. Develop the payoffs matrix and using the decision table in windows QM to find the following The best decision for an optimistic manager The best decision for a pessimistic manager Based on HURWICZ criterion supposing that @ 0.6 The decision with minimum worst potential regret If the probabilities for low demand is 70% and 30% for high market demand, what is the best decision