Problem $1.$ Four outsource contracts are being considered for a major product line. The long term forecast for sales depends on what the economic factors $($Eco$)$ as well as the demand taken by competition $($Comp$).$ Eco has two levels: Up and Down, while the demand taken by the competition can be High or Low. This results in four states of nature. What is the optimistic descion? the conservative decision? the min$-$max regret decision? Long term forecasts Eco: U$/$ Comp: H Eco: D$/$ Comp: H Eco: U$/$ Comp: L Eco: D$/$ Comp: L V$12\mathrm{.}4$M $1\mathrm{.}9$M $3\mathrm{.}7$M $2\mathrm{.}2$M V$21\mathrm{.}5$M $1\mathrm{.}8$M $1\mathrm{.}7$M $2\mathrm{.}3$M V$33\mathrm{.}3$M $1\mathrm{.}1$M $3\mathrm{.}9$M $2\mathrm{.}1$M V$42\mathrm{.}9$M $1\mathrm{.}7$M $3\mathrm{.}5$M $1\mathrm{.}8$M