Using the decision table for this problem, use the following criterion to choose the right order quantity:
Question:
a. Maximax
b. Maximin
c. Equally likely
d. Minimax regret
e. Hurwicz using α = 0.8
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a Choose an order size of 800 because 15200 represents the highest payoff in the table b Demand ORDE...View the full answer
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