Leevi Starch, an apparel company with a global supply chain, is adding a new supplier for several

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Leevi Starch, an apparel company with a global supply chain, is adding a new supplier for several new styles of its denim jeans, and the suppliers it€™s considering are in China, India, the Philippines, Brazil, and Mexico. A major factor in the company€™s decision is transportation and shipping costs, which are dependent on future oil prices. The following payoff table summarizes the total monthly costs (in $100,000s), including manufacturing and shipping costs for the suppliers in each of the countries given the future state of oil prices.

Leevi Starch, an apparel company with a global supply chain,

Determine the best decision using each of the following criteria.
a. Minimin
b. Minimax
c. Equal likelihood
d. Minimaxregret

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Related Book For  book-img-for-question

Operations And Supply Chain Management

ISBN: 289

8th Edition

Authors: Roberta S. Russell, Bernard W. Taylor

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