What decisions should be made using the average payoff strategy in the three given situations?

Manufacturing relocation information Rental car insurance information ISO certification information A leading manufacturer of garage doors recently acquired another manufacturer A car-rental agency offers insurance for a week that costs $100. A minor fender A company is considering becoming certified to the ISO 9000 series of quality and is considering moving its wood door operations to the acquired plant. Key bender will cost $3,900, whereas a major accident might cost $14,000 in repairs standards. Becoming certified is expensive, but the company could lose a considerations in this decision are the transportation, labor, and production costs at Without the insurance, you would be personally liable for any damages. substantial amount of business if its major customers suddenly demand ISO certification and the company does not have it. At a management retreat, the the two plants. Complicating matters is the fact that marketing is predicting a decline in the demand for wood doors. The company developed three scenarios: senior executives of the firm developed the following payoff table, indicating the net present value of profits over the next five years. a. Demand falls slightly, with no noticeable effect on production. b. Demand and production decline 20%. c. Demand and production decline 40%. The following table shows the total costs under each decision and scenario. For the manufacturing decision, the best payoff is the one, so using the average payoff strategy, the company should the manufacturing for wooden doors because that gives the best average payoff of (Round to the nearest dollar as needed.) Lowest/Highest Move/Not Move (Round to the nearest dollar as needed.) Lot Purchase/Purchase For the certification decision, the best payoff is the one, so using the average payoff strategy, the company should because that gives the best average payoff of $ (Round to the nearest dollar as needed.) Lowest/Highest Become Certified/Stay Certified Manufacturing relocation information Rental car insurance information ISO certification information A leading manufacturer of garage doors recently acquired another manufacturer A car-rental agency offers insurance for a week that costs $100. A minor fender A company is considering becoming certified to the ISO 9000 series of quality and is considering moving its wood door operations to the acquired plant. Key bender will cost $3,900, whereas a major accident might cost $14,000 in repairs standards. Becoming certified is expensive, but the company could lose a considerations in this decision are the transportation, labor, and production costs at Without the insurance, you would be personally liable for any damages. substantial amount of business if its major customers suddenly demand ISO certification and the company does not have it. At a management retreat, the the two plants. Complicating matters is the fact that marketing is predicting a decline in the demand for wood doors. The company developed three scenarios: senior executives of the firm developed the following payoff table, indicating the net present value of profits over the next five years. a. Demand falls slightly, with no noticeable effect on production. b. Demand and production decline 20%. c. Demand and production decline 40%. The following table shows the total costs under each decision and scenario. For the manufacturing decision, the best payoff is the one, so using the average payoff strategy, the company should the manufacturing for wooden doors because that gives the best average payoff of (Round to the nearest dollar as needed.) Lowest/Highest Move/Not Move (Round to the nearest dollar as needed.) Lot Purchase/Purchase For the certification decision, the best payoff is the one, so using the average payoff strategy, the company should because that gives the best average payoff of $ (Round to the nearest dollar as needed.) Lowest/Highest Become Certified/Stay Certified