Question: Given is a decision payoff table with future demand probabilities. Answer all questions below. Alternatives Low Moderate High Small 53 42 43 Med 50 49

Given is a decision payoff table with future demand probabilities. Answer all questions below.

Alternatives Low Moderate High

Small 53 42 43

Med 50 49 49

Large-1538 51

Probabilities0.35 0.3 0.35

A. The EMV for small facility is ______________________ (1 decimal place)

B. The EMV for a medium facility is ________________________(1Decimal place)

C. The EOL for a medium facility is _________________________(2 decimal places)

D. The EOL for a large facility is _______________________ (2 decimal places)

E. The best decision by using EMV is to select the ___________________________Facility

F. The best decision by using EOL is to select the ________________________Facility

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