TODAY'S Electronics specializes in manufacturing modern electronic components. It also builds the equipment that produces the components. Phyllis Weinberger who is responsible for advising the president of Today's Electronics on electronic manufacturing equipment, has developed the following table concerning a proposed facility. Type of Facility Profit (in thousands of dollars) Strong Market Fair Market Poor Market No facility Small facility Medium-sized facility Large facility 200 100 -32 300 129 110 -100 550 -310 What is the decision based on each of the MINIMAX criteria. Show work in making the decision for each criterion?

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TODAY'S Electronics specializes in manufacturing modern electronic components. It
also builds the equipment that produces the components. Phyllis Weinberger who is
responsible for advising the president of Today's Electronics on electronic manufacturing
equipment, has developed the following table concerning a proposed facility.
Type of Facility
Profit (in thousands of dollars)
Strong Market
Fair Market Poor Market
No facility
Small facility
Medium-sized facility
Large facility
200
100
-32
300
129
-100
550
110
-310
What is the decision based on each of the MINIMAX criteria. Show work in
making the decision for each criterion?
Transcribed Image Text:TODAY'S Electronics specializes in manufacturing modern electronic components. It also builds the equipment that produces the components. Phyllis Weinberger who is responsible for advising the president of Today's Electronics on electronic manufacturing equipment, has developed the following table concerning a proposed facility. Type of Facility Profit (in thousands of dollars) Strong Market Fair Market Poor Market No facility Small facility Medium-sized facility Large facility 200 100 -32 300 129 -100 550 110 -310 What is the decision based on each of the MINIMAX criteria. Show work in making the decision for each criterion?
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