Identifies which alternative goleb transport must take

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Q. Identifies which alternative Goleb transport must take. George Goleb is considering the purchase of 2 types of industrial robots. The Rob1 (alternative1) is a large robot capable of performing a variety of tasks, including welding, painting etc. The Rob2 (alternative2) is a smaller or slower robot however it has all capabilities of Rob1. The robots will be used to perform a variety of operations on large industrial equipment. Of course, George can always do nothing also not buy only robots (alternative3). The market for the repair could be either favourable (event1) or unfavourable (event2). George has constructed a payoff matrix showing the expected returns of every alternative also the probability of a favourable or unfavourable market.

Reference no: EM1373487

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