Question: ( a ) MaxiMax and ( b ) MaxiMin: Payoff table: Investment Alternatives Gasoline Availability ( a ) Row Maximums ( b ) Row Minimums
a MaxiMax and b MaxiMin:
Payoff table:
Investment Alternatives Gasoline Availability a
Row Maximums b
Row Minimums
Shortage Stable Surplus
Motel
Restaurant
Theater
Column Max
a Value of MaxiMax The best alternative as decision is:
b Value of MaxiMin The best alternative as decision is:
c MiniMax Regret Method. Show your Regret Table here, and row maximums:
Regret Table show your calculations:
Investment Alternatives Gasoline Availability c
Row Maximums
Shortage Stable Surplus
Motel
Restaurant
Theater
c Value of MiniMax Regret The best alternative as decision is:
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