Use a decision tree to recommend a decision. The following payoff table shows the projected profit (in thousands of dollars):ĭecision Alternative Low Demand State of Nature Medium Demand High Demand Manufacture, d 1 s 1 s 2 s 3 Purchase, d 2 − 20 40 100 10 45 70 \begin d_2 & -20 & 40 & 100 \\ĭecision Alternative Manufacture, d 1 Purchase, d 2 10 Low Demand s 1 − 20 45 State of Nature Medium Demand s 2 40 70 High Demand s 3 100 If I were a Planner of New York City I would encourage congestion pricing because it will make an impact on the issue of traffic, which is resulting from this overpopulation. As a result of this issue there is intense traffic and constant gridlock. The resulting profit is dependent on the demand for the product. URP discussion post 1 New York City is facing the issue of overpopulation. The Gorman Manufacturing Company must decide whether to manufacture a component part at its Milan, Michigan, plant or purchase the component part from a supplier.
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