Today%u2019s electronics specializes in manufacturing modern electronic componen
ID: 2701421 • Letter: T
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.