Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

An enginner has to decide whether to construct an automated or conventional plant. If the automated plant is build there is a high or a low demand with probabilities 0.60 and 0.40 respectively. If a conventional plant is build there is a high or a low probabilities 0.70 and o.30 respectively. If an automated plant is build and the demand is high there is a probability of an expansion 0.55 but if the demand was low there is a probability of an expansion of only 0.10. If an conventional plant is build and the demand is high there is a probability of an expansion of 0.80 but if demand is low there is a probability of expansion of 0.15. Construct a decision tree and choose the best alternative . a. Conventional plant with an expected profit $577,000 b. Automated plant with an expected profit $874,250 c. Conventional plant with an expected profit $874,250 d. Automated plant with an expected profit $577,000

An enginner has to decide whether to construct an automated or conventional plant. If the automated plant is build

there is a high or a low demand with probabilities 0.60 and 0.40 respectively. If a conventional plant is build there is a high or a low probabilities 0.70 and o.30 respectively. If an automated plant is build and the demand is high there is a probability of an expansion 0.55 but if the demand was low there is a probability of an expansion of only 0.10. If an conventional plant is build and the demand is high there is a probability of an expansion of 0.80 but if demand is low there is a probability of expansion of 0.15. Construct a decision tree and choose the best alternative . a. Conventional plant with an expected profit $577,000 b. Automated plant with an expected profit $874,250 c. Conventional plant with an expected profit $874,250 d. Automated plant with an expected profit $577,000

 
"Looking for a Similar Assignment? Order now and Get 10% Discount! Use Code "Newclient"