Question: Suppose a distribution center is considering three options for expansion. The first one is to expand into a new plant the second to add on

Suppose a distribution center is considering
Suppose a distribution center is considering three options for expansion. The first one is to expand into a new plant the second to add on third-shift to the daily schedule, and third, a small expansion to the existing facility. There are three possibilities for demand. These are high medium and low having probabilities of 47%. 22%, and 31% respectively. Suppose that the profits for the expansion plans are as follows: The new plant expected outcomes are $110,000, $50.000, $25,000, the third shift consideration would result in outcomes of $40,000 $20,000 $5,000 and the small expansion choice would in the following dollar amounts $15,000, $12,000.-$6,000. The amount that the company must invest in each alternative is: new plant - $48,000, third shift - $15,100, small expansion $8,700 a. The profit/loss (EMV) for the new plant is $ Select b. The profit/loss (EMV) for adding a third shift is $ I Select c. The proht/loss (EMV) for the small expansion is $ Select d. Which of the expansion plans should the manager choose? [Select

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