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 | 41 | 37 | 36 |
| Medium Facility | 32 | 38 | 34 |
| Large Facility | -8 | 32 | 42 |
| Alternatives | Worst Regrets |
| Small Facility | ? |
| Medium Facility | ? |
| Large Facility | ? |
a) The worst regrets for alternative Small Facility is Blank 1
b) The worst regrets for alternative Medium Facility is Blank 2
c) The worst regrets for alternative Large Facility is Blank 3
d) The best course of action or decision by using Minimax Regret is to select Blank 4 facility
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