PROJECT MANAGEMENT

risk management

Using the payoff matrix below, select the dominate strategy (S1, S2, S3, or 54) when applying each of the following criteria: Hurwicz Wald Savage Laplace N1 N4 N2 N3 20.0 40.0 $ S1 60.0 $ 50.0 $ 105.0 80.0 $ S2 90.0 $ 60.0 $ (50.0) $ 100.0 $ 10.0 50.0 $ $ $ $ S3 100.0 $ 70.0 $ 150.0 (30.0) $ S4