Question: Q 1 ) Decision Making under Uncertainty Using the data in the table to the right, value what alternative would you select under the following
Q Decision Making under Uncertainty Using the data in the table to the right, value what alternative would you select under the following five decisionmaking criteria. You need to show all work and all values to receive full credit for this question. Be careful: these are costs! Consider turning all the values negative from the start to make your calculations easy. Optimistic Maximax Pessimistic Maximin Criterion of Realism Hurwicz Criterion, use Alpha MinMax Regret you need to calculate the MinMax Regret Matrix to receive full credit The MinMax Regret Matrix is also known as the Opportunity Loss Matrix.
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