A supply chain manager is trying to decide where to locate a new plant that will manufacture a new chair model. He has found three options: Canada, China and the Philippines. An unknown factor is a demand for the coming year (moderate and high). The estimated cost per year for running production for various options and demands are shown in the following table:

Warehouse Moderate Demand High Demand

Canada $500,000 $800,000

China $600,000 $700,000

Philippines $400,000 $750,000

What decision should be made based on the minimax regret criterion?

Select one:

a.Canada

b.China

c.Philippines