Telecomp is a U.S.-based manufacturer of cellular telephones.

Telecomp is a U.S.-based manufacturer of cellular telephones.

Telecomp is a U.S.-based manufacturer of cellular telephones. It is planning to build a new manufacturing and
distribution facility in either South Korea, China, Taiwan,
Poland, or Mexico. The cost of the facility will differ
between countries and will even vary within countries
depending on the economic and political climate, including
monetary exchange rates. The company has estimated the
facility cost (in $ millions) in each country under three different future economic/political climates as follows.

Telecomp is a U.S.-based manufacturer of cellular telephones.

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
Poland 22.5 16.8 13.8
Mexico 25.0 21.2 12.5
Determine the best decision using the following decision
criteria. (Note that since the payoff is cost, the maximax criteria becomes minimin and maximin becomes minimax.)
a. Minimin
b. Minimax
c. Hurwicz ( 0.40)
d. Equal likelihood

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