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Case Study (Due Date January 16, 2017) Please Read and review for assignment: Chapter 3 Decision Analysis, pp. 65-68 See Problem 3-17 on page 101 of the textbook: Render, B., Stair, R. M. Jr., Hanna, M. E., Hale, T. S. (2015). Quantitative analysis for management (12th ed.). Upper Saddle River, New Jersey: Pearson Education, Inc. Kenneth Brown is facing three alternatives with two possible outcomes—a favorable or an unfavorable market—for those alternatives. In no less than four pages, describe and justify the decision making steps Brown may perform in his case. What decision would you make? Please provide 4 research references including your text: References Render, B., Stair, R. M. Jr., Hanna, M. E., Hale, T. S. (2015). Quantitative analysis for management (12th ed.). Upper Saddle River, New Jersey: Pearson Education, Inc. to support your ideas. Be sure to use APA style, and cite and reference your sources using in-text citations and a reference page to avoid plagiarism. Additionally, use Times New Roman 12pt. double-spaced font. Please refer to the following problem in order to answer the question: PROBLEM 3-17 Kenneth Brown is the principal owner of Brown Oil, Inc. After quitting his university teaching job, Ken was able to increase his annual salary by a factor of over 100. At the present time, Ken is forced to consider purchasing some equipment for Brown Oil because of competition. His alternatives are shown in the following table: EQUIPMENT FAVORABLE MARKET ($) UNFAVORABLE MARKET ($) Sub 100 300,000 -200,000 Oiler J 250,000 -100,000 Texan 75,000 -18,000 For example, If Ken purchases a Sub 100 and there is a favorable market, he will realize a profit of $300,000. On the other hand, if the market is unfavorable Ken will suffer a...