Karen villagomez president of wright industries is, Ask an Expert

Management Studies

Karen Villagomez, president of Wright Industries, is considering whether to build a manufacturing plant in the Ozarks. Her decision is summarized in the following table:

Alternatives	Favorable Market	Unfavorable Market
Build large plant	$400,000	-$300,000
Build small plant	$80,000	$10,000
Don't build	$0	$0
market probabilities	0.4	0.6

1. Construct a decision tree.

2. Determine the best strategy using expected monetary value (EMV).

3. What is the expected value of perfect information (EVPI)?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92672568

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