File Home Insert Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful files from the Internet can contain viruses. Unless you need to edit, it's safer to stay 07 X V E. B C D E F G Production Facilities Possible Future Demand Alternatives Low Moderate High Small Facilities $10' 510 $10 Medium Facilities $7 512 $12 7 Large Facilities 54 $2 $16 8 "Present value in $ millions 10 11 12 13 16 20 21 22 23 24 25 26 27 28 29Chapter 19 GRADED Homework This question refers to an example in the book Producpon Operations Management by William J. Stevenson, The example Invokes a capacity planning problem in which a company must choose to build a small, medium. on large production facility. The payoff obtained 12 will depend on whether future demand is low, moderate, or high, and the payoffs are as given in the following table Points Alternatives Possible Future Denand Small facility Medium facility 17 Large facility Hook Present value in $ millions. Given the payoff table. find the alternative that would be chosen using the maximin criterion (Negothe answer should be indicated Acicience by a minus sign, Enter your answers in millions) Maximin payoff for each alternathy: Large M Medium 9 Small IM Maximin papel of the minimuma Small facility Medium facility 1 of 12 :Chapter 19 GRADED Homework @ 2 This question refers to an example in the book Production Operations Management by William J. Stevenson. The example Involves a capacity planning problem in which a company must choose to build a small medium, or large production facilty The payoff obtained will depend on whether future demand is low, moderate, or high, and the payoff's are as quen in the fo lowing tables 12 Moderate High -all Facility 510 Large facility "Present value in S millions. Click here forbe Exce Data File Given the payelf table, find the alternative that would be chosen using the maximax criterion (Later your answers in millions.] Maximum payall Ios each alarmat ver Small Large Maximak payall fizzy at Small Large 2 of 12 1 O