You are currently the project manager at a rapidly growing retailer of high-performance audio equipment. You have been asked to lead the project to expand the retail business in the Unite States. You are currently deciding amongst three promising geographic locations: New York, Seattle, and San Francisco.
You have been asked that San Francisco has a smaller market potential, but the probabilities of success is high. On the other hand, the New York market has larger market potential, but the probability of success is low. Your project team member has given you the following forecast. Which of the following statements are true?
A. You should select Seattle, as it provides the highest expected monetary value
B. You should select San Francisco, as it provides the highest expected monetary value
C. You should select New York, as it provides the highest expected monetary value
D. You should use multi-objective programming algorithms to determine which location to select
E. You should select San Francisco, as it provides the lowest NPY value
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