Question

In Problem 31, Federated Electronics, Ltd., has hired a Washington, DC–based global trade research firm to assess the probabilities of each combination of port and government conditions for the five ports. The research firm probability estimates for the five ports are as follows:


a. Using expected value, determine the best port to construct the distribution center.
b. Using any decision criteria, determine the port you think would be the best location for the distribution center and justify youranswer.


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  • CreatedJuly 17, 2014
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