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XPRO Manufacturing is considering the introduction of a family

of new products. John Avalon, the VP of Enter question
Operations considering
three different production processes (batch manufacturing, custom
manufacturing,
and group technology. The demand and profit depends
on the state of economy as provided in table
below.

Production Process Poor Economy Fair Economy Good Economy Excellent Economy Continue to post
11 questions remaining
Batch -$22.0 million $55m $145m $180m

Custom $12m $22m $60m $100m

Snap a photo from your

Group Technology -$120m -$73m $40m $1500m
phone to post a question
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Probability 0.10 0.30 0.40 0.20 link

a. Find the Maximax, Maximin, Equally likely, and Hurwicz

Decisions. Must show all work and calculations in
tabular Excel
format.
888-888-8888 Text me
b. Find the Minimax regret decision. Use Tabular Excel
format.
By providing your phone number, you agree to receive a one-tim
automated text message with a link to get the app. Standard
c. Based on above analysis, what is your recommendations to John
Avalon? messaging rates may apply.

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c) John Avalon must opt for Group technology.

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