Flexibility Should Be Valued by Taking into Account Uncertainty in Demand

question 61

Multiple Choice

Flexibility should be valued by taking into account uncertainty in demand and economic factors.In general,flexibility will tend to

• A)decrease in value with a decrease in certainty.
• B)increase in value with an increase in uncertainty.
• C)decrease in value with an increase in uncertainty.
• D)increase in value with an increase in certainty.