Ian Langella faces a decision how large his gasoline station should be. The annual returns wil l depend on both the size of his station and number of marketing factors related to the oil in dustry and demand for gasoline. Ian develop a careful analysis based on the following table:Size of first stationMarket conditionMarket conditonMarket conditon GoodFairPoorSmall50,00020,000-10,000Medium80,00030,000-20,000Large100,00030,000-40,000Very large300,00025,000-160,000Develop a decision table for this decision

Answered: Develop a decision table for this…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Ian Langella faces a decision how large his gasoline station should be. The annual returns wil l depend on both the size of his station and number of marketing factors related to the oil in dustry and demand for gasoline. Ian develop a careful analysis based on the following table:

Size of first station	Market condition	Market conditon	Market conditon
	Good	Fair	Poor
Small	50,000	20,000	-10,000
Medium	80,000	30,000	-20,000
Large	100,000	30,000	-40,000
Very large	300,000	25,000	-160,000

Develop a decision table for this decision

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