I am trying to figure out how chegg came to a solution in part B of one of the t
ID: 2637402 • Letter: I
Question
I am trying to figure out how chegg came to a solution in part B of one of the textbook questions. It needs a little more explaining. When I click the "offer feedback" option it does not allow me to submit feedback.. just trying to figure this problem out been on it a long time!
Here is a link to the chapter questions of the book
https://books.google.com/books?id=8kDuAwAAQBAJ&pg=PA581&lpg=PA581&dq=the+loebuck+grocery+must+decide+how+many+cases+of&source=bl&ots=5rWXF5Jcd7&sig=ioVreTuMUT_Oj7n_e0NULASohrM&hl=en&sa=X&ei=tjqzVNn5KceZgwSz0YO4CQ&ved=0CBwQ6AEwAQ#v=onepage&q=the%20loebuck%20grocery%20must%20decide%20how%20many%20cases%20of&f=false
http://www.chegg.com/homework-help/introduction-to-management-science-11th-edition-chapter-13-problem-14p-solution-9780132751919
is the question/answer how does the question get U as 40? they get 9.3 because 28 divide by 3? 2. also according to google time clock 0.008 hours is not 45 seconds. 3. Also, is it 3 more assistants making it 4 total? or two more making it 3 total? two more is bolded at the top then three more is bolded at the end... its step 2 of 2 "in order to get the wait time down etc etc"... thank you!
ISBN 13
Explanation / Answer
Solution A.
Payoff Matrix
Demand
Stock
15
16
17
18
Milk Cases
.20
.25
.40
.15
15
$30
$26
$22
$18
16
22
32
28
24
17
14
24
34
30
18
6
16
26
26
Solution B.
EV(15)=30(.2)+26(.25+22(.4)+18(.15)=$24.00
EV (16)=22(.2)+32(.25)+28(.4)+24(.15)=$27.20
EV (17)=14(.2)+24(.25)+34(.4)+30(.15)=$26.90
EV(18)=6(.2)+16(.25+26(.4)+36(.15)=$21.00: Stock 16 Cases
Solution C.
Opportunity loss table:
15
16
17
18
15
0
6
12
18
16
8
0
6
12
17
16
8
0
6
18
24
16
8
0
EOL (15)=0(.2)+6(.25)+12(.4)+18(.15)=$9.00
EOL (16)=8(.2)+0(.25)+6(.4)+12(.15)=$5.80
EOL(17)=16(.2)+8(.25)+0(.4)+6(.15)=$6.10
EOL(18)=24(.2)+16(.25)+8(.4)+0(.15)=$12.00: Stock 16 Cases.
Solution D.
Expected value with perfect information=$30(.2)+32(.25)+34(.4)+36(.15)=$33
Expected value with perfect information=33-EV(16)=33-27.20=$5.80
Demand
Stock
15
16
17
18
Milk Cases
.20
.25
.40
.15
15
$30
$26
$22
$18
16
22
32
28
24
17
14
24
34
30
18
6
16
26
26
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