For the payoff table you developed in Problem 1, determine the decision using the aggressive, conservative, and
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For the payoff table you developed in Problem 1, determine the decision using the aggressive, conservative, and opportunity-loss strategies
Data from Problem 1
Use the Outsourcing Decision Model Excel file to compute the cost of in-house manufacturing and outsourcing for the following levels of demand: 800, 1,000, 1,200, and 1,400. Use this information to set up a payoff table for the decision problem.
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