Given the following conditional value table: n a) Using the decision making under uncertainty with the...
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Given the following conditional value table: n a) Using the decision making under uncertainty with the criterion of Maximax The appropriate decision will be The value of the return under this decision is $ b) Using the decision making under uncertainty with the criterion of Maximin The appropriate decision will be The value of the return under this decision is $ Alternatives Build new plant Subcontract Overtime Do Nothing c) Using the decision making under uncertainty with the criterion of Equally Likely The appropriate decision will be The value of the return under this Very Favorable Market $350,000 $180,000 States of Nature Average Market $240,000 Unfavorable Market - $300,000 $90,000 - $20,000 $110,000 $60,000 - $10,000 $0 $0 $0 ir answer as a whole number). Do Nothing Subcontract Overtime Build new plant Given the following conditional value table: n a) Using the decision making under uncertainty with the criterion of Maximax The appropriate decision will be The value of the return under this decision is $ b) Using the decision making under uncertainty with the criterion of Maximin The appropriate decision will be The value of the return under this decision is $ Alternatives Build new plant Subcontract Overtime Do Nothing c) Using the decision making under uncertainty with the criterion of Equally Likely The appropriate decision will be The value of the return under this Very Favorable Market $350,000 $180,000 States of Nature Average Market $240,000 Unfavorable Market - $300,000 $90,000 - $20,000 $110,000 $60,000 - $10,000 $0 $0 $0 ir answer as a whole number). Do Nothing Subcontract Overtime Build new plant
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