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 12 13 14 Medium Facility 1 23 16 Large Facility 8 15 23 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 select facility

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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	12	13	14
Medium Facility	-1	23	16
Large Facility	-8	15	23

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 select __________ facility

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