Question

12. Microcomp is a U.S.-based manufacturer of personal computers. It is planning to build a new manufacturing and distribution facility in either South Korea, China, Taiwan, the Philippines, or Mexico. It will take approximately 5 years to build the necessary infrastructure (e.g., roads), construct the new facility, and put it into operation. The eventual cost of the facility will differ between countries and will even vary within countries depending on the financial, labor, and political climate, including monetary exchange rates. The company has estimated the facility cost (in $1,000,000s) in each country under three different future economic and political climates, as follows:

Country	Economic/Political Climate
	Decline	Same	Improve
South Korea	21.7	19.1	15.2
China	19.0	18.5	17.6
Taiwan	19.2	17.1	14.9
Philippines	22.5	16.8	13.8
Mexico	25.0	21.2	12.5

Determine the best decision, using the following decision criteria. (Please use table format and make sure to provide the all calculation steps)

a. Minimin

b. Minimax

c. Hurwicz (α = .4)

d. Equal likelihood

Answer 1

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