The Shoprite grocery store places orders each week for an entertainment magazine that it stocks on the
Question:
Using the decision table from Problem, choose the best order size of magazines using the following criterion:
From Problem
Demand Level
ALTERNATIVE
200
400
600
200
$400
$400
$400
400
–$100
$800
$800
600
–$600
$300
$1,200
a. Maximax
b. Maximin
c. Equally likely
d. Minimax regret e. Hurwicz using α = 0.3
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