Trey Whitmore, Operations Manager at National Consumers, Inc

question 12

Multiple Choice

Trey Whitmore, Operations Manager at National Consumers, Inc.(NCI) , is evaluating alternatives for increasing capacity at NCI's Fountain Hill plant.He has identified four alternatives, and has constructed the following payoff table which shows payoffs (in $1,000,000's) for the three possible levels of market demand: If Trey uses the Hurwicz criterion with alpha = 0.4, the appropriate alternative would be: ___.

• A)lease new equipment
• B)purchase new equipment
• C)add third shift
• D)do nothing
• E)do everything

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Definitions:

Competence Motivation

The theory that individuals are motivated to engage in behaviors that they perceive will enhance their competence or skills.

Self-Efficacy

A person's confidence in their ability to perform tasks that lead to certain desired outcomes.

Mastery

The process of acquiring comprehensive knowledge or skill in a subject or activity, often leading to improved performance and a sense of achievement.

Drive-Reduction

A motivational concept suggesting that humans act to alleviate physical or psychological needs, aiming at maintaining homeostasis.