Explain alternatives favourable market unfavourable market, Operation Management

Assignment Help:

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 Favourable Market Unfavourable Market Build large plant 400,000 -200,000 Build small plant 120,000 20,000 Don't Build 0 0 Market Probability 0.30 0.70 To maximize the return, Karen's decision should be to ______________ (don't build, build large plant, build small plant)


Related Discussions:- Explain alternatives favourable market unfavourable market

Explain what is the impact on the consumers, Name and explain the concept o...

Name and explain the concept of tariff barriers and name and explain one reason countries maintain trade barriers, such as tariffs, and state whether or not this reason is justifie

Expected effectiveness of plan, Expected effectiveness of plan: Ramon ...

Expected effectiveness of plan: Ramon Martinez is the general manager of Classic Inn, a local mid-priced hotelwith 100 rooms. His job objectives include providing resourceful

Explain survival of the fittest, From an evolutionary standpoint, is "survi...

From an evolutionary standpoint, is "survival of the fittest" selfish or selfless?

Explain wrong dimensions and unevenstitches, Jim's Outfitters, Inc., makes ...

Jim's Outfitters, Inc., makes custom fancy shirts for cowboys. The shirts could be flawed in various ways, including flaws in the weave or color of the fabric, loose buttons or dec

How x control chart is used, How X control chart is used? X control cha...

How X control chart is used? X control chart is used with go and not go inspection.

Describe the advantages of work study, Describe the advantages of work stud...

Describe the advantages of work study. The following are the advantages: (i) Uniform and enhanced production flow, (ii) Higher productive efficiency, (iii) Decreased

Explain employee for a top management position, Which would be the required...

Which would be the required qualifications to consider an employee for a top management position?

Process selection and process design, Process Selection and Process Design ...

Process Selection and Process Design Having identified alternative process sequences and process span choices, the question then to be answered is which of the configurations

Explain why is external competitiveness so important, External vs. Internal...

External vs. Internal Policies. Distinguish policies on external competitiveness from policies on internal alignment. Why is external competitiveness so important? What factors sha

Compute panera breads strategy and its effectiveness, Evaluate Panera Bread...

Evaluate Panera Breads strategy and its effectiveness with executing the strategy within the competitive fast-casual restaurant marketplace. Discuss the pitfalls to this strategy a

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd