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In this scenario, each of you work for Go-Slow Industries, which is a large organization spread out across multiple plant locations that produce door-stopping devices
In this scenario, each of you work for Go-Slow Industries, which is a large organization spread out across multiple plant locations that produce door-stopping devices called widgets. You are the senior manager of global operations and supply chain management at Go-Slow Industries and are being asked by your director to answer the guiding tasks below and present your findings to the executive management teams quarterly off-site meeting.
2) Go-Slow Industries Decision Table
Which decision alternative maximizes the expected value of the payoff?
Decision | Probability | 0.2 | 0.5 | 0.3 |
Alternatives | Low | Medium | High | |
A | $40 | $100 | $60 | |
B | $85 | $60 | $70 | |
C | $60 | $70 | $70 | |
D | $65 | $75 | $70 | |
E | $70 | $65 | $80 |
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