Question: Given the following conditional value table: Alternatives Build new plant Subcontract Overtime Do Nothing Very Favorable Market States of Nature Average Market Unfavorable Market

Given the following conditional value table: Alternatives Build new plant Subcontract Overtime

Given the following conditional value table: Alternatives Build new plant Subcontract Overtime Do Nothing Very Favorable Market States of Nature Average Market Unfavorable Market $250,000 $180,000 - $200,000 $270,000 $185,000 - $220,000 $100,000 $50,000 - $12,000 $0 $0 $0 a) Using the decision making under uncertainty with the criterion of Maximax The appropriate decision will be Subcontract

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