Question: QUESTION 2 12 points Save Answer Given is a decision payoff table and a Sub Decision Payoff Table. Use Minimax Regret as an evaluation criterion

QUESTION 2 12 points Save Answer Given is a

QUESTION 2 12 points Save Answer Given is a decision payoff table and a Sub Decision Payoff Table. Use Minimax Regret as an evaluation criterion to evaluate alternatives. Low Alternatives Small Facility Medium Facility Large Facility 33 19 -10 Future Demand Moderate 22 32 29 High 18 22 43 Alternatives Worst Regrets Small Facility ? Medium Facility ? Large Facility a) The worst regrets for alternative Small Facility is b) The worst regrets for alternative Medium Facility is c) The worst regrets for alternative Large Facility is d) The best course of action or decision by using Minimax Regret is to select facility

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!