Question: 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

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

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