ABC Operates a Factory in the United Kingdom

question 83

Multiple Choice

ABC operates a factory in the United Kingdom.Because the company's existing factory doesn't have the capacity to meet the future demands,it is considering various options.Consider the payoff matrix that shows the payoff for each combination of decision and state of nature.Determine the best alternative using the Laplace criterion solution.Assume equal likelihood for low demand and high demand.

• A)Expand current facility.
• B)Build small factory.
• C)Build large factory.
• D)Determine a new alternative.

---

Definitions:

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without prior conditioning.

Conditioned Response

An automatic response established by training to an ordinarily neutral stimulus after association with an unconditioned stimulus.

Unconditioned Response

A natural, automatic reaction to a stimulus that occurs without the need for learning or conditioning.

Conditioned Response

A learned reaction to a previously neutral stimulus due to repeated association with an unconditioned stimulus.