Question: Ell a TH 388 W TILL Given is a decision payoff table and a Sub Decision Payoff Table. Use Minimax Regret as an evaluation criterion

Ell a TH 388 W TILL Given is a decision payoff table and a Sub Decision Payoff Table. Use Minimax Regret as an evaluation criterion to evaluate alternatives. Alternatives Small Facility Medium Facility Large Facility Alternatives Small Facility Medium Facility Low 20 8 -9 I Future Demand Moderate 11 16 12 Worst Regrets ? ? ? High 8 12 20 Large Facility a) The worst regrets for alternative Small Facility is Blank 1b) The worst regrets for alternative Medium Facility is Blank 2c) The worst regrets for alternative Large Facility is Blank 3d) The best course of action or decision by using Minimax Regret is to select Blank 4 facility E GE
 Ell a TH 388 W TILL Given is a decision payoff

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!