Docstoc

MGT613

Document Sample
MGT613 Powered By Docstoc
					                 Semester “Fall 2010”
    “Production Operations Management (MGT613)”
Assignment No. 1                                      Marks: 15

Student ID: mc090206155
Student Name: Syed Ahsan Ali

Solution:

a. Maximin

Road S = 40
Road M = 55 a the best
Road D = 30

b. Maximax

Road S = 50
Road M = 75
Road D = 85 a the best

c. Minimax regret

                           POSSIBLE FUTURE DEMANDS
Alternatives
                  Low         Moderate          High
  Road S        40-40 = 0    40-60 = -20      50-55 = -5
  Road M       55-40 = 15    60-60 = 0        75-55 = 20
  Road D       30-40 = -10   55-60 = -5       85-55 = 30


d. Laplace

Road S = 40+40+50 = 130 / 3 = 43.33
Road M = 55+60+75 = 190 / 3 = 63.33
Road D = 30+55+85 = 170 / 3 = 56.66