Question: can you please help with this question for operations mgmt? Below there is a predicted payoff table [Quarterly profit in $1000] for a small airline

can you please help with this question for operations mgmt?

Below there is a predicted payoff table [Quarterly profit in $1000] for a small airline company serving between L.A. and New York. The company should decide using a large capacity planes and charge full price or use smaller planes and charge a discounted fare. The decision depends on future market. Assume the company applies Minimax Regret criterion to decide on the capacity.

What is the maximum opportunity loss associated with the chosen alternative???

	Market Status
Service	Strong	Weak
Full Price	960	-490
Discount	670	320

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