When managers base decisions on what has worked in the past and fail to explore new options they are quizlet?

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Eastinghouse sells air conditioners. The annual demand for air conditioners in each region of the country is as follows: East, 100,000; South, 150,000; Midwest, 110,000; West, 90,000. Eastinghouse is considering building the air conditioners in four different cities: New York, Atlanta, Chicago, and Los Angeles. The cost of producing an air conditioner in a city and shipping it to a region of the country is given in Table 18. Any factory can produce as many as 150,000 air conditioners per year. The annual fixed cost of operating a factory in each city is given in Table 19. At least 50,000 units of the Midwest demand for air conditioners must come from New York, or at least 50,000 units of the Midwest demand must come from Atlanta. Formulate an IP whose solution will tell Eastinghouse how to minimize the annual cost of meeting demand for air conditioners. TABLE 18: $$ \begin{matrix} \text{City} & \text{Price by Region (\$)}\\ \text{ } & \text{East} & \text{South} & \text{Midwest} & \text{West}\\ \text{New York} & \text{206} & \text{225} & \text{230} & \text{290}\\\text{Atlanta} & \text{225} & \text{206} & \text{221} & \text{270}\\ \text{Chicago} & \text{230} & \text{221} & \text{208} & \text{262}\\ \text{Los Angeles} & \text{290} & \text{270} & \text{262} & \text{215}\\ \end{matrix} $$ TABLE 19: $$ \begin{matrix} \text{City} & \text{Annual Fixed Cost (\$ Million)}\\ \text{New York} & \text{6}\\ \text{Atlanta} & \text{5.5}\\ \text{Chicago} & \text{5.8}\\ \text{Los Angeles} & \text{6.2}\\ \end{matrix} $$

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When managers base decisions on what has worked in the past and fail to explore new options they are quizlet?

When managers base decisions on what has worked in the past and fail to explore new options they are quizlet?

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Given $n \geq 1,$ a set of $\phi(n)$ integers that are relatively prime to $n$ and that are incongruent modulo $n$ is called a reduced set of residues modulo $n$ that is, a reduced set of residues are those members of a complete set of residues modulo $n$ that are relatively prime to $n )$ Verify the following: (a) The integers $-31,-16,-8,13,25,80$ form a reduced set of residues modulo $9 .$ (b) The integers $3,3^{2}, 3^{3}, 3^{4}, 3^{5}, 3^{6}$ form a reduced set of residues modulo $14 .$ (c) The integers $2,2^{2}, 2^{3}, \ldots, 2^{18}$ form a reduced set of residues modulo $27 .$

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When managers base decisions on what has worked in the past and fail to explore new options they are quizlet?

Topology

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When managers base decisions on what has worked in the past and fail to explore new options they are quizlet?

When managers base decisions on what has worked in the past and fail to explore new options they are quizlet?

When managers base decisions on what has worked in the past and fail to explore new options they are quizlet?

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Which is the first step in the managerial decision making process?

The first step in the decision making process is Identifying a problem which means examine the problem more closely and understand the cause of a problem.

What is it called when goals to be achieved or the problem to be solved is unclear alternatives are difficult to define and information about outcomes is unavailable?

ambiguity. Ambiguity means that the goals to be achieved or the problem to be solved is unclear, alternatives are difficult to define, and information about outcomes is unavailable. bounded rationality. Bounded rationality means that people have limits, or boundaries, on how rational they can be.

Which of the following is the last step in the decision making process?

The review stage is the last step of the decision-making process here, you will evaluate whether or not the specific outcome resolved the problem or opportunity you identified initially.

What are the four positions on the possibility of failure scale?

Every decision situation can be organized on a scale according to the availability of information and the possibility of failure. The four positions on the scale are: certainty, risk, uncertainty, and ambiguity.