Question: please show answer beside the letter ! Given is a decision payoff table. Alternatives Small Facility Medium Facility Large Facility Low 53 29 -5 Future
Given is a decision payoff table. Alternatives Small Facility Medium Facility Large Facility Low 53 29 -5 Future Demand Moderate 31 42 30 High 22 32 53 a) The best decision under uncertainty using MAXIMAX is to select facility b) The best decision under uncertainty using MAXIMIN is to select facility c) The best decision under uncertainty using LAPLACE EQUALITY LIKELY is to select facility d) If the probabilities for Future Demand when it is Low = 0.35, Moderate = 0.30, and High = 0.35, the expected monetary value (EMV) for the large facility = e) If the probabilities for Future Demand when it is Low = 0.35, Moderate = 0.30, and High = 0.35, the best decision under risk is to select facility
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