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Management Studies

1. Predicts if economy get better=0.6 or worse=0.4

2. if better -> demand is 75,000 metal, 25,000 plastic if worse -> demand is 25,000 metal, 75,000 plastic.

3. You can purchase three types of machine to produce. Flexible machine ($60,000) metal machine (Inflexible machine) $30,000, plastic machine (Inflexible machine) $40,000

4. However each machine can only produce 25,000 units based on its designated use.

5. You have the option to refer first to get perfect knowledge which will help knowing what will happen (good/bad). Construct a decision tree based on this information taking into account inflexible, flexible, and consulting.

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9312775

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