Question: Micro comp is a United State based manufacturer of personal computers. It is planning to build a new manufacturing & distributions facility in South Korea, China, Taiwan, the Philippines, or Mexico. It will take approximately five years to build the necessary infrastructure (roads, etc), construct new facility, & put it into operation. The eventual cost of the facility will differ between countries & will even vary within countries depending on the financial, labor, & political climate, including monetary exchange rates. The company has estimated the facility cost [$1,000,000s] in each country under three different future economic & political climates, as follows
|
Economic/Political
|
Climate
|
|
Project
|
Decline
|
Same
|
Improve
|
South Korea
|
21.7
|
19.1
|
15.2
|
China
|
19.0
|
18.5
|
17.6
|
Taiwan
|
19.2
|
17.1
|
14.9
|
Philippines
|
22.5
|
16.8
|
13.8
|
Mexico
|
25.0
|
21.2
|
12.5
|
Determine the best decision, using the following decision criteria.
[A] Hurwicz (α = 0.4)
[B] Equal Likelihood
[C] Minimin
[D] Minimax