Decision Tree

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MGT-530-Mod06-CT03caseandregulations.docx

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MGT-530: – Module 06/CT 03

Regulations:

· GRADING EXPECTATIONS :

1. I recommend that you use the grading rubric to shape your work product (Attached).  

2. With respect to grading, The instructor really looks for 2 things:  citations and substance . I encourage you to include cites and information from scholarly and/or peer-reviewed sources in addition to the course text (Stevenson, W. (2018). Operations management (13th ed.). New York, NY: McGraw-Hill Irwin. ISBN-13:9781259667473)

Otherwise, my potential for points is reduced. It  indicates you have read the course materials and searched far and wide for theories, statistics, and facts to address the issue at hand. I encourage you to paraphrase these sources. Convert the content into your own words rather than using direct quotes. This improves the synthesis of information, and it makes the writing more closely resemble your own style. 

In addition to scholarly citations, a substantive assignment is one that not only answers the question but advances the discussion. Please, do more than is expected.

· The writer must apply APA style guidelines. Avoid plagiarism

· Support your submission with:

1. Course material concepts, principles, and theories from the textbook and Use it in the references (Stevenson, W. (2018). Operations management (13th ed.). New York, NY: McGraw-Hill Irwin. ISBN-13:9781259667473)

2.  At least Four scholarly, peer-reviewed journal articles such as:

2.1 Anh, N. L. H., & Linh, H. M. (2021). Sensitivity analysis for set-valued equilibrium problems. Positivity, 25(1), 31–48. https://doi.org/10.1007/s11117-020-00748-8

2.2 Nor, S. H. S., Ismail, S., & Yap, B. W. (2019). Personal bankruptcy prediction using decision tree model. Journal of Economics, Finance & Administrative Science, 24(47), 157–172.

3. Use one resource from YouTube.

· Be not more than 5 pages in length, does not include the title page, abstract, conclusion and required reference page, which are never a part of the minimum content requirements.

Decision Tree

The supplement to Chapter 5 in your textbook describes and develops several decision trees. Case for consideration—an operations manager for a cereal producer is faced with a choice of:

A large-scale investment (A) to purchase a new cooker which could produce a substantial pay-off in terms of increased revenue net of costs but requires an investment of 3,750,000 Saudi Riyal. After extensive market research it is thought that there is a 40% chance that a pay-off of 9,375,000 Saudi Riyal will be realized, but there is a 60% chance that it will be only 3,000,000 Saudi Riyal.

A smaller scale project (B) to refurbish an existing cooker. At 1,875,000 Saudi Riyal, this option is less costly but produces a lower pay-off. Again, extensive research data suggests a 30% chance of a gain of 3,750,000 Saudi Riyal but a 70% chance of it being only 1,875,000 Saudi Riyal.

Continuing the present operation without change (C) which cost nothing, but produces no pay-off.

Address the following requirements:

· Develop a decision tree for the case described.

· Explain the process of developing a decision tree, draw the decision tree (include the decision tree in an appendix showing chance nodes, probabilities, outcomes, expected values, and net expected value).

· Defend your final decision based on your decision tree.

Thank you for your support

MGT

–

Module 0

/CT 0

Regulations

GRADING EXPECTATIONS

I recommend that you use the grading rubric to shape your work product (

Attached

With respect to

grading, The instructor really looks for 2 things:

citations

and substance

. I

encourage you to include cites and information from

scholarly and/or peer

viewed sources in

addition to the course text

(

Stevenson

, W. (2018). Operations management (13th ed.). New

York, NY: McGraw

Hill Irwin. ISBN

13:9781259667473)

Otherwise

, my potential for points is reduced. It

indicates you have read the course materials

and searched far and wide for theories, statistics, and facts

to address the issue at hand.

I encourage

you to paraphrase these sources. Convert the content into your own words rather than using direct

quotes

. This improves the synthesis of information, a

nd it makes the writing more closely resemble

your own style.

In addition to

scholarly citations, a substantive assignment is one that not only answers the

question but advances the discussion. Please, do more than is expected.

The writer must apply

A style guidelines

Avoid plagiarism

Support your submission with:

Course material concepts, principles, and theories from the textbook and

Use

it in the

references

(Stevenson, W. (2018). Operations management (13th ed.). New York, NY:

McGraw

Hill

Irwin. ISBN

13:9781259667473)

At least

Four

scholarly, peer

reviewed journal articles such as:

2.1

Anh, N. L. H., & Linh, H. M. (2021). Sensitivity analysis for set

valued equilibrium

problems.

Positivity,

25(1), 31

–

48.

https://doi.org/10.1007/s11117

020

00748

2.2

Nor, S. H. S., Ismail, S., & Yap, B. W. (2019). Personal bankruptcy prediction using

decision tree model. Journal of Economics, Finance & Administrative

Science, 24(47),

157

–

172.

one

resource

from

YouTube

not more than

pages

in length,

does not include the title

page, abstract, conclusion and

required reference page,

which are never a part of the minimum content requirements.

MGT-530: – Module 06/CT 03

Regulations:

 GRADING EXPECTATIONS :

1. I recommend that you use the grading rubric to shape your work product (Attached).

2. With respect to grading, The instructor really looks for 2 things: citations and substance. I

encourage you to include cites and information from scholarly and/or peer-reviewed sources in

addition to the course text (Stevenson, W. (2018). Operations management (13th ed.). New

York, NY: McGraw-Hill Irwin. ISBN-13:9781259667473)

Otherwise, my potential for points is reduced. It indicates you have read the course materials

and searched far and wide for theories, statistics, and facts to address the issue at hand. I encourage

you to paraphrase these sources. Convert the content into your own words rather than using direct

quotes. This improves the synthesis of information, and it makes the writing more closely resemble

your own style.

In addition to scholarly citations, a substantive assignment is one that not only answers the

question but advances the discussion. Please, do more than is expected.

 The writer must apply APA style guidelines. Avoid plagiarism

 Support your submission with:

1. Course material concepts, principles, and theories from the textbook and Use it in the

references (Stevenson, W. (2018). Operations management (13th ed.). New York, NY:

McGraw-Hill Irwin. ISBN-13:9781259667473)

2. At least Four scholarly, peer-reviewed journal articles such as:

2.1 Anh, N. L. H., & Linh, H. M. (2021). Sensitivity analysis for set-valued equilibrium

problems. Positivity, 25(1), 31–48. https://doi.org/10.1007/s11117-020-00748-8

2.2 Nor, S. H. S., Ismail, S., & Yap, B. W. (2019). Personal bankruptcy prediction using

decision tree model. Journal of Economics, Finance & Administrative Science, 24(47),

157–172.

3. Use one resource from YouTube.

 Be not more than 5 pages in length, does not include the title page, abstract, conclusion and

required reference page, which are never a part of the minimum content requirements.