Question: I am looking for specific instructions for how to evaluate in excel. CM 10 Homework MGT 4317 BBT is considering migrating their servers to a

I am looking for specific instructions for how to evaluate in excel.

CM 10 Homework MGT 4317 BBT is considering migrating their servers to a cloud service, upgrading their existing servers, or doing nothing. A payoff table (in $ millions) is provided in the accompanying spreadsheet. Using that table, answer the following questions: In # 1 and #2, provide the value of the criterion and the associated decision. For example, for #1, an answer could be Best EMV = 100; Decision = Do nothing. (Ctrl) 1. What is the EMV of each alternative? Based on this analysis, what is the best decision? 2. Assume that the probabilities given are not reliable, then compute the criteria below and give the best decision for each. a. Maximin b. Maximax C. Equally likely (Laplace) d. Minimax regret 3. Based on your analysis in 1 and 2, what do you recommend? Defend your answer! Cloud Upgrade Servers Do nothing Poor Market Average Market Good Market -12 24 36 7 8 0 -9 -15 0.31 0.51 0.18 27

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