Question: 5 W GoVenture CEO :.... Google fan Question Completion Status: QUESTION 1 Given is a decision payoff table and a Sub Decision Payoff Table. Use

5 W GoVenture CEO :.... Google fan Question

5 W GoVenture CEO :.... Google fan Question Completion Status: QUESTION 1 Given is a decision payoff table and a Sub Decision Payoff Table. Use Minimax Regret as an evaluation criterion to evaluate alternatives. Future Demand Alternatives Low Moderate Small Facility 51 35 Medium Facility 50 68 Large Facility -20 51 High 25 36 68 Alternatives Small Facility Medium Facility Large Facility Worst Regrets ? ? ? a) The worst regrets for alternative Small Facility is b) The worst regrets for alternative Medium Facility is c) The worst regrets for alternative Large Facility is d) The best course of action or decision by using Minimax Regret is to select facility QUESTION 2 Given is a Decision Tree Diagram. The Payoffs 1-14 are given in the table below. Answer questions a, b, and c

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