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 Worst Regret

Alternatives Low Moderate High

Small Facility 170 180 200 Small Facility ?

Medium Facility 160 200 220 Medium Facility ?

Large Facility -40 210 310 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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