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Solve the following maxium-profit problem by using a decision tree.

Low Demand Average Demand High Demand

Alternatives Prob.=0.2 Prob.=0.45 Prob.=0.35

Expand Plant $250,000 400,000 400,000

Build New Plant 200,000 350,000 440,000

Do Nothing 300,000 300,000 300,000

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91873215

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