Question
Udav Incorporated has conducted marketing research and developed a table of conditional outcome values for alternatives of its upcoming nsion decision: build new plant, upgrade
Udav Incorporated has conducted marketing research and developed a table of conditional outcome values for alternatives of its upcoming nsion decision: build new plant, upgrade existing one, and sell business. Outcome values represent revenue and are measured in thousands of dollars.
| Low demand | Medium demand | High demand | |
| Build new plant | -$500 | $300 | $900 |
| Upgrade existing plant | -$100 | $250 | $400 |
| Sell business | $100 | $200 | $300 |
| Probability | 0.2 | 0.5 | 0.3 |
Q1. What is the best alternative?
Q2. What would you recommend for risk-taking decision-maker?
Q3. What would you recommend for risk-aversive decision-maker?
Q3. What is the value of perfect information?
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Human Resource Management Essentials You Always Wanted To Know
Authors: Vibrant Publishers, Jaquina Gilbert
1st Edition
1949395855, 978-1949395853
