Question: Question 4 : A plant manager considers the operational cost per hour of five machine alternatives. The cost per hour is sensitive to three potential
Question : A plant manager considers the operational cost per hour of five machine alternatives. The cost per hour is sensitive to three potential weather conditions: cold, mild, and warm. The following table represents the operations cost per hour for each alternativestate of nature combination:
tableStates of Nature,Weatherrelated cost per hour,AlternativesCold costdayMild costdaytableWarmcostdayMachine $$$Machine $$$Machine $$$Machine $$$Machine $$$
Using the optimistic criterion, which alternative is best?
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