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Today's Electronics specializes in manufacturing modern electronics components. It also builds the equipment that produces the components. Phyllis Weinberger, who is responsible for advising the
Today's Electronics specializes in manufacturing modern electronics components. It also builds the equipment that produces the components. Phyllis Weinberger, who is responsible for advising the president of Today's Electronics on electronic manufacturing equipment, has developed the following table concerning a proposed facility:
Profits
Strong market Fair market Poor market
Large facility 650,000 210,000 -410,000
Medium size facility400,000 229,000 -200,000
Small facility 300,000 200,000 -42,000
No facility 0 0 0
- Develop an opportunity loss table
- What is the minimax regret decision?
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