Question: Given is a decision payoff table. table [ [ , , Future Demand, ] , [ Alternatives , Low,Moderate,High ] , [ Small Facility,
Given is a decision payoff table.
tableFuture Demand,AlternativesLow,Moderate,HighSmall Facility,Medium Facility,Large Facility,
a The best decision under uncertainty using MAXIMAX is to select facility
b The best decision under uncertainty using MAXIMIN is to sefc acility
c The best decision under uncertainty using LAPLACEEQUALITY LIKELY is to selec facility
d If the probabilities for Future Demand when it is Low Moderate and High the expected monetary value EMV for the large facility
e If the probabilities for Future Demand when it is Low Moderate and High the best decision under risk is to selec facility.
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