It Is Very Important That Long-Term Consequences Be Thought Through

question 52

Multiple Choice

It is very important that long-term consequences be thought through when making facility decisions,because

• A)network designers can use this fact to influence the role of the new facility and the focus of people working there.
• B)facilities last a long time and have an enduring impact on a firm's performance.
• C)it is astounding how often tax incentives drive the choice of location.
• D)the location of a facility has a significant impact on the extent and form of communication that develops in the supply chain network.

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Definitions:

Environmentally Safe Material

A material that does not harm the environment, either in its production, use, or disposal.

Opportunity Loss Table

A decision-making table that outlines the losses associated with failing to choose the optimal action or decision under uncertainty.

Expected Payoff

The predicted return of an investment, calculated by aggregating the potential outcomes weighted by their probabilities.

Opportunity Loss Table

A tabular representation that shows the potential losses for various decisions under different states of nature.