East West Distributing is in the process of trying to determine where they should schedule next year's production of a popular line of kitchen utensils that they distribute.Manufacturers in four different countries have submitted bids to East West.However,a pending trade bill in Congress will greatly affect the cost to East West due to proposed tariffs,favorable trading status,etc.
After careful analysis,East West has determined the following cost breakdown for the four manufacturers (in $1,000's)based on whether or not the trade bill passes:
a.If East West estimates that there is a 40% chance of the bill passing,which country should they choose for manufacturing?
b.Over what range of values for the "bill passing" will the solution in part (a)remain optimal?
Definitions:
FAIS
Functional Area Information System, systems designed to manage data and information specific to the operations of a particular department or function within an organization.
Three Square Market
A company known for implementing microchip technology for employees, facilitating transactions and access within their facilities.
Microchip Insertion
The process of embedding a microchip, a small semiconductor device containing integrated circuits, into various objects, devices, or even living organisms for identification, data storage, or tracking purposes.
Automated Factory Systems
Technologies and machinery configured to operate with minimal human intervention, significantly enhancing production efficiency and consistency.
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