"Imperfect tester" problem associated with the decision on how to produce batches plastic strapping, given the uncertainty about the length of the molecular chain in the raw. The decision whether to test raw materials and the choice of the production process to be made, the last option, combined with the length of the molecular chain, will affect the cost and quality of products. In one process, there is additional uncertainty about the pressure. Designed for use at the beginning of this part of the course the theory of decision-making involving Bayes theorem. Includes many methods of decision theory, and can also be used as a test. "Hide
by John S. Hammond Source: Harvard Business School 6 pages. Publication Date: August 1, 1970. Prod. #: 171004-PDF-ENG
Jackson Automotive B Case Study Solution
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