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Steves Mountain Bicycle Shop is considering three options for its facility next year. Steve can expand his current shop, move to a larger facility, or make no change. With a good market, the annual pay o? would be $76,000 if he expands $90,000 if he moves and $40,000 if he does nothing. With an average market, his pay o?s will be $30,000, $41,000, and $15,000, respectively. With a poor market, his pay o? will be -$17,000-$28,000, and -$2,000.

a. What is the best option based on conservative criterion?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91425579

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