Answer to Question #264976 in Management for ttttttttttwwwuwuw

Question

DiHL Co. is a Danao-based logistics company owned by Engr. Donald H. Lalican. Anticipating the growing demand for delivery services, he developed a strategic plan for the year 2022. The options are to hire additional delivery crews in their Mandaue facility, construct a new facility in Talisay City, or subcontract Ohlala Move, a small-time company. A study conducted by the marketing department forecasted the following payoff values, which are summarized in the table below. The values are expressed as gains and alpha = 0.6. What decision will Engr. Lalican make using the different criteria under conditions of uncertainty. Question is what is the worst possible decision he will make?

  States of Nature

   Decision Alternatives

Hire additional Drivers in Mandaue Construct a facility in Talisay Subcontracting Ohlala Move

Failure -450,000 -800,000 -100,000

Low -250,000 -400,000 -10,000

Moderate High 250,000 500,000 300,000 700,000 150,000 300,000

Answer 1

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