Question: IF YOU USE EXCEL, CAN YOU INCLUDE THE FORMULAS PLEASE?? THANKYOU!!! 1. (10) Maximus Warehouse Company is considering new options for managing a new distribution

IF YOU USE EXCEL, CAN YOU INCLUDE THE FORMULAS

IF YOU USE EXCEL, CAN YOU INCLUDE THE FORMULAS PLEASE?? THANKYOU!!!

1. (10) Maximus Warehouse Company is considering new options for managing a new distribution center being built in Des Moines, Iowa. The three options, relevant potential economic conditions and estimated payoffs (in thousands of dollars) are shown in the following table: Potential Economic Conditions Decision alternatives Expanding market Stable market Declining market Outside management team 900 600 300 Current staff 650 650 600 Combination staff 800 650 500 Assume that you do not have any probabilities for the Potential Economic Conditions. a. What would be recommended if the Pessimistic (Maximin) approach was used? b. What would be recommended if the Optimistic (Maximax) approach was used? c What would be recommended if the Equal Likelihood approach was used

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