PLANH5R01: What is the expected value of each option? Which option should be chosen based on these values: Supply Chain Planning & Control Assignment, UCC, Ireland
| University | University College Cork (UCC) |
| Subject | PLANH5R01 Supply Chain Planning & Control Assignment |
Q2. Capacity Decisions
Consider the two capacity options for Arktec Manufacturing shown below:
- What is the expected value of each option? Which option should be chosen based on these values?
- If the lowest and highest estimates are updated to 40,000 and 110,000 respectively, what would be the updated expected values? Explain what has happened.
- Draw the decision tree for Arktec Manufacturing using initial data. You are to assume that a capacity option is chosen before demand levels are known. (15 marks)
Calculate the expected value for each branch. Which option would you choose and why?
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