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Todays Electronics specializes in manufacturing modern electronic components. It also builds the equipment that produces the components. Phyllis Weinberger, who is responsible for advising the president of Todays Electronics on electronic manufacturing equipment, has developed the following table concerning a proposed facility:
PROFIT $
STRONG MARKET
FAIR MARKET
POOR MARKET
Large facility
Mediumsized facility
Small facility
No facility
Which location would be selected based on the minimax regret criterion?
Select one:
a
Large facility
b
Mediumsized facility
c
No facility
d
Small facility
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