In Problem S1-10, suppose Amtrex is able to assign probabilities to each of the states of nature

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In Problem S1-10, suppose Amtrex is able to assign probabilities to each of the states of nature for each of the suppliers/ ports as follows:

a. Using expected value, determine the port/supplier Amtrex should use.
b. Based on the results from Problem S1-10, and the result from part a, is there a best overalldecision?

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Operations Management Creating Value Along the Supply Chain

ISBN: 978-0470525906

7th Edition

Authors: Roberta S. Russell, Bernard W. Taylor

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Question Posted: Oct 03, 2012 07:34 AM

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In Problem S1-10, suppose Amtrex is able to assign probabilities to each of the states of nature

Question:

States of Nature Declining Same Growth Hong Kong Singapore Shanghai 45 .51 28 18 15 Kaohsiung 38

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Expected value Port Expected Value Ho...View the full answer

Operations Management Creating Value Along the Supply Chain

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