An assembly line consists of three workstations (WS) with each station’s activity time
as shown.
When fully operational the maximum output for this line in 8 hours of production time
would be
a. 40 units
b. 96 units
c. 120 units
d. 160 units
Fairco, a family business, is considering making an investment in its manufacturing
operation. Three decisions are under consideration: (1) a large investment; (2) a
medium investment; and (3) a small investment. The business believes that there are
three possible future outcomes for its product: (1) increasing demand; (2) stable
demand; and (3) decreasing demand. The business believes that the probability for
increasing, stable and decreasing product demand are 0.4, 0.5, and 0.1, respectively.
The following payoff table describes the decision situation.