Determine best alternative considering the expected value


Problem: A producer intends to develop its product line and must decide whether to build a small or large factory to produce new products. If it builds a small facility and demand is low, the net present value will be $420,000. If a large factory is built and demand is high, the estimated net present value is $50,000. If demand turns to be low, the net present value will be -$15,000. The probability that demand will be high is estimated to be 0.55. Determine the best alternative considering the expected value.

Request for Solution File

Ask an Expert for Answer!!
Other Subject: Determine best alternative considering the expected value
Reference No:- TGS03343779

Expected delivery within 24 Hours