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A global economist hired by Microcomp, The US-based manufacturer estimates that the probability that the economic and political climate overseas and in Mexico will decline during the next five years is .40, the probability that it will remain approximately the same is .50, and the probability that it will improve is .10. Determine the best country to construct the new facility in and the expected value of perfect information.

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Operation Management, Management Studies

Category:- Operation Management
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