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6. Build-Rite Construction has received favorable publicity from guest appearances on a public TV home improvement program. Demand for home improvements next year may be either low or high. But Build-Rite must decide now whether to hire more employees, do nothing, or develop subcontracts with other home improvement contractors. Demand probability is estimated to be 0.3, 0.5, and 0.2 for low, moderate, and high, respectively. Also, Build-Rite has developed the following payoff table: 2 Dr.H.-SP21 BU 347- Production and Operations Management Washburn University Alternative Hire Subcontract Do nothing DEMAND FOR HOME IMPROVEMENTS Low Moderate High ($150,000) $110,000 $600,000 $100,000 $145,000 $425,000 $50,000 $85,000 $305,000 Which alternative is best, according to each of the following decision criteria? a. Maximin b. Maximax C. Laplace d. Minimax regret e. Expected value