Women’s Sports Specialty sells a variety of fitness apparel for women and needs to place an order of Speedo swimsuits for the upcoming summer season. The order volumes being considered are large and small, and the demand levels for the swim season for this particular brand can be strong, moderate, or weak. The following decision table shows the payoffs for all combinations of order sizes and demand levels.
Choose the best order size of Speedo swimsuits using the following criterion:
a. Maximax
b. Maximin
c. Equally likely
d. Minimax regret
e. Hurwicz using α = 0.2

  • CreatedJuly 29, 2015
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