Assignment:
Question: Managerial Economics: Making decisions with uncertainties
You are the manager of global opportunities for a US manufacturer, who is considering expanding sales into Asia. Your market research has identified the market potential in Malaysia, Philippines and Singapore as described next:
|
|
success Level
|
|
Big
|
Mediocre
|
Failure
|
|
Malaysia
|
|
|
|
|
Probability
|
0.3
|
0.3
|
0.4
|
|
Units
|
1,200,000
|
600,000
|
0
|
|
|
|
|
|
|
Philippines
|
|
|
probability
|
0.3
|
0.5
|
0.2
|
|
Units
|
1,000,000
|
320,000
|
0
|
|
|
|
|
|
|
Singapore
|
|
|
probability
|
0.7
|
0.2
|
0.1
|
|
Units
|
700,000
|
400,000
|
0
|
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