Question: ABC Inc must make a decision on its current capacity for next year. Estimated profits (in $000s) based on next year's demand are shown in

ABC Inc must make a decision on its currentABC Inc must make a decision on its current

ABC Inc must make a decision on its current capacity for next year. Estimated profits (in $000s) based on next year's demand are shown in the table below. Alternative Low High Expand $100 $200 Subcontract $50 $120 Do Nothing $40 $50 Refer to the information above. 3-a. Which alternative should be chosen based on the maximax criterion? 3-b. Which alternative should be chosen based on the maximin criterion? 3-c. Which alternative should be chosen based on the Lapalce criterion? 3-d. Which alternative should be chosen based on criterion of realism with alpha 3-e. Which alternative should be chosen based on the minimax regret criterion? 0.7

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