TODAY’S Electronics specializes in manufacturing modern *

| June 12, 2016

Question
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 0 0 0 Small facility 200 100 -32 Medium-sized facility 300 129 -100 Large facility 550 110 -310 What is the decision based on each of the MINIMAX criteria. Show work in making the decision for each criterion? Use the table below. Type of Facility Profit (in thousands of dollars) Strong Market Fair Market Poor Market No facility Small facility Medium-sized facility Large facility Decision and Reason:

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