Question: a) Using the decision making under uncertainty with the criterion of Maximax The appropriate decision will be Build new plant The value of the return

a) Using the decision making under uncertainty
a) Using the decision making under uncertainty
a) Using the decision making under uncertainty with the criterion of Maximax The appropriate decision will be Build new plant The value of the return under this decision is $ 350,000 b) Using the decision making under uncertainty with the criterion of Maximin The appropriate decision will be Do Nothing The value of the return under this decision is $ 0. c) Using the decision making under uncertainty with the criterion of Equally Likely. The appropriate decision will be Build new plant. The value of the return under this decision is $ 96,667 (enter your answer as a whole number). table: Alternatives Build new plant Subcontract Overtime Do Nothing Very Favorable Market $300,000 $160,000 $120,000 $0 States of Nature Average Market $210,000 $100,000 $70,000 $0 Unfavorable Market - $280,000 - $15,000 - $8,000 $0 certain with the oritonian

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