Question: In Problem S1-26 Federated Electronics, Ltd. has hired a Washington, D.C.-based global trade research firm to assess the probabilities of each combination of port and
In Problem S1-26 Federated Electronics, Ltd. has hired a Washington, D.C.-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:
.png)
(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.
Port Port Port Port Negative Negative Positive/ Positive/ Government Government Government Government Port Shanghai Singapore Positive N 0.09 0.05 0.08 0.11 0.27 0.22 0.36 0.12 0.23 0.32 0.22 0.27 0.46 0.30 Positive 0.32 0.51 0.29 0.31 0.37 Kaoshiung Hong Kong 0.10
Step by Step Solution
3.46 Rating (162 Votes )
There are 3 Steps involved in it
EVShanghai 0608 billion ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
184-B-M-L-O-M (53).docx
120 KBs Word File
