Material Costs Moderate Increase Significant Increase Servers Hard Drives Probability of State of Nature (b) Compute the expected opportunity loss value for each decision. EOL(Servers) = EOL(Hard Drives) : EOL(Leasing) : (c) Select the best decision using EOL criterion. Decision: Servers :1"): Decision: Hard Drives LOL(Hard Drives) = EOL(Leasing) = (c) Select the best decision using EOL criterion. O Decision: Servers O Decision: Hard Drives O Decision: Leasing (d) Which of the following formulae is correct? O EVPI = max EOL O EVPI = min EMV O EVPI = max EMV O EVPI = min EOLThe owner of the Long Branch Computer Hardware Company must decide among building 100 servers, building 5000 hard drives, or leasing all their equipment to another company. The profit that will result from each alternative will be determined by whether material costs remain stable, increase moderately, or increase significantly. The specialists calculated the likelihood for each possible level of material costs. In the payoff table below the estimated profit/losses are given in $thousands. Material Costs Moderate Significant Stable Increase Increase Servers 2250 700 2500 Decision | Hard Drives 1800 1040 -170 Leasing 850 950 1010 Probability of State 0.3 0.5 0.2 of Nature (a) Construct Opportunity Loss (Regret) Table. Material Costs Stable Moderate Increase Significant Increase Servers Hard Decision Drives