Question: A company is analyzing a possible decision to either outsource its operations to a South Carolina Company, Mexico, or keep the operations internal. Run your
A company is analyzing a possible decision to either outsource its operations to a South Carolina Company, Mexico, or keep the operations internal. Run your analysis. You must use excel formulas for everything except where you need to write the Decision Criterion's decision.
Calculate Maximax, Maximin, Equally Likely, Hurwicz Minimax Regret, Expected Montary Value, Expected Opportunity Lost, and Expected Value of Perfect Information if we looking at spending to do market research. Is the market research worth the cost???
Write a summary of the Decision Making without probabilities, if you were the CEO of this company what would your decision be
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