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question archive One of the most important concerns of the manufacturer is to determine the appropriate number of suppliers

One of the most important concerns of the manufacturer is to determine the appropriate number of suppliers

Subject:BusinessPrice: Bought3

One of the most important concerns of the manufacturer is to determine the

appropriate number of suppliers. Suppose, a factory manager wants to know to

work with one or two or three suppliers? Hence, based on hypothesized following

information, help factory manager to receive his response. (Draw decision tree)

- "Super-event" probability is 0.6%

- "Unique-event" probability is 5%

- Marginal cost of managing an additional supplier is $5,000

- financial loss incurred if a disaster caused all suppliers to be down

simultaneously is $20,000,000

 

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