Decision Modeling and Analysis
Complete Problem 7 in Chapter 3 in the text. Develop a two to three-page business memorandum (not including the title and reference pages, and formatted as outlined on pages 30 through 32) to detail your answers and recommendations. To receive full credit for this assignment you must address the following: (a through d):
- Determine the optimal weekly production schedule for MVC. What is the optimal weekly profit?
- What is the minimum price that would justify producing the Plus Model? Explain.
- If MVC could purchase additional 17 inch monitors for $15 more than what they are currently paying for them, should they do this? Explain.
- Suppose an additional worker could be hired for $1000 per week over the existing weekly worker salary. (Recall that workers average 30 hours per week.) Analyze why MVC should do this.
Submit to your instructor your two- to three-page paper (not including title and reference pages). Your paper should be formatted according to APA style as outlined in the approved APA style guide, and should cite at least three to four scholarly sources in addition to the textbook.
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