Given is a decision payoff table and a Sub Decision Payoff Table Use Minimax Regret as an evaluation criterion to evaluate alternatives Future Demand Alternatives Low Moderate High Small Facility 26 21 18 Medium Facility 18 31 22 Large Facility 7 30 42 Alternatives Worst Regrets Small Facility Medi...

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Given is a decision payoff table and a Sub Decision Payoff Table. Use Minimax Regret as an

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Given is a decision payoff table and a Sub Decision Payoff Table. Use Minimax Regret as an evaluation criterion to evaluate alternatives.

		Future Demand
Alternatives	Low	Moderate	High
Small Facility	26	21	18
Medium Facility	18	31	22
Large Facility	-7	30	42

Alternatives	Worst Regrets
Small Facility	?
Medium Facility	?
Large Facility	?

a) The worst regrets for alternative Small Facility is

b) The worst regrets for alternative Medium Facility is

c) The worst regrets for alternative Large Facility is

d) The best course of action or decision by using Minimax Regret is to selec____facility

Posted Date: May 18, 2024 08:00 AM

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Given is a decision payoff table and a Sub Decision Payoff Table. Use Minimax Regret as an

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