Answered: Conhugeco is deciding between three…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Conhugeco is deciding between three levels of automation for the work cell that produces a key component. The Amazing Criswell, the company forecaster, believes that there could be three levels of demand for the products produced in this work cell and has developed this table of probable annual maintenance costs for company executives.

	Low Demand	Medium Demand	High Demand
No Automation	125	85	105
Robotics	110	120	130
CAD/CAM	190	160	50
FMS	140	160	120

What is the best decision if Conhugeco company executives use a minimax regret approach to this decision?

	a.	Robotics
	b.	FMS
	c.	CAD/CAM
	d.	No Automation

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