Solutions Operations management

The table below shows the probability distributions for weekly profit at two restaurants at differen

Question: The table below shows the probability distributions for weekly profit at two restaurants at different location.

Location at A:

Weekly profit Probability

$ 2,000 0.10
3,000 0.20
4,000 0.65
5,000 0.05


Location at B:


The table below shows the manager’s utility function.

i. Calculate the expected utilities for the restaurants at the two different locations.

ii. Hence, based on the maximization of expected utility, state which is a better location for the restaurant.

Price: $2.99
Solution: The solution file consists of 2 pages
Deliverables: Word Document


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