GSCM 209 Week 6 Quiz

GSCM 209 Week 6 Quiz

1. (TCO 14) What are five of the six steps in an operations decision-making process?(Points : 10)
2. (TCOs 10, 11, and 12) Bob’s Claymart has enough clay to make 24 small vases or six large vases. He has only enough of a special glazing compound to glaze 16 of the small vases or eight of the large vases. Let X1 = the number of small vases and X2 = the number of large vases. The smaller vases sell for $6 each, and the larger vases bring $13 each.
   Formulate the problem’s objective function, constraints, and solve for the maximum profit mix.
   (Points : 30)

2. (TCOs 13 and 14) Consider the following decision table, which Bob White has developed for GoSlow Enterprises.

Which decision alternative maximizes the expected value of the payoff?
  (Points : 30)