Question: Hello can you please answer the following question regarding operations mgmt? Below is the predicted payoff table [Quarterly profit in $1000] or a small airline

Hello can you please answer the following question regarding operations mgmt?

Below is the predicted payoff table [Quarterly profit in $1000] or a small airline company serving between L.A. and New York. The company should decide using a large capacity planes and charge full price OR use smaller planes and charge discount fare. The decision depends on future market.

Please calculate the payoff associated with a pessimistic approach.

	Market Status
Service	Strong	Weak
Full Price	960	-490
Discount	670	320

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