Today%u2019s electronics specializes in manufacturing modern electronic componen

Question

Today%u2019s electronics specializes in manufacturing modern electronic components. It also builds the equipment that produces the components. Phyllis Weinberger, who is responsible for advising the president of Today%u2019s Electronics on electronic manufacturing equipment, has developed the following table concerning a proposed facility:

A. Develop an opportunity loss table

B. What is the minimax regret decision?

Strong market Fair market Poor market

Large 550,000 110,000 -310,000

Medium 300,000 129,000 -100,000

Small 200,000 100,000 -32,000

None 0 0 0

Explanation / Answer

The answer above is incorrect due to the math in the poor market.

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.