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MM305 Unit 7 Project : Decision Analysis, Forecasting, and Network Optimization: A Comprehensive College Assignment

Project covering decision analysis, forecasting, and network optimization.

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MM305 Unit 7 Project1MM305 Unit 7 Project: Decision Analysis, Forecasting, and NetworkOptimization: A Comprehensive College AssignmentName:Directions:In this projectyou will be using theStates Datafilethatis found in Doc Sharingunder the Instructor-Graded Projects:Steps for accessing theStates Datafile:1.Open your Excel with PhStat22.Click File—Open3.Select theStates DatafileNot all questions require the use of technology ortheStates Datefile.You may insert your answers, including any charts, graphs, or output, on thisdocument.Be sure to put your name on this document and save it to your computer.1. After careful analysis, Susan developed the following table:Size of Gasoline StationGood Market ($)Fair Market ($)Poor Market ($)Small$70,000$30,000-$30,000Medium$110,000$50,000-$40,000Large$170,000$70,000-$50,0001.Develop a decision table for this decision.Decision TablesDataProfitFavourablemarketUnfavourablemarketSmall70000-30000Med110000-40000Large170000-50000Donothing002.What is the Maximax decision?DataProfitFavourablemarketUnfavourable marketMaximaxSmall70000-3000070000Med110000-40000110000Large170000-50000170000

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Document Details

University
Kaplan University School of Business and Management
Course
MM 305
Subject
Business Management

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