Question: 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 five years to build the necessary infrastructure (roads, etc.), 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 $ millions) in each country under three different future economic and political climate as follows:

ECONOMIC/POLITICAL CLIMATE

COUNTRY                                                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 following the decision criteria.

1. Minimin
2. Minimax
3. Equal likelihood

Price: $2.99

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Deliverable: Word Document