Question content area

Part $1$

Given the following conditional value$?$ ?table:

$????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????$ ?

States of Nature

Alternatives

Very Favorable

Market

Average

Market

Unfavorable

Market

Build new plant

$$300,000$

$$210,000$

$?$$$280,000$

Subcontract

$$160,000$

$$100,000$

$?$$$15,000$

Overtime

$$120,000$

$$70,000$

$?$$$8,000$

Do Nothing

$$0$

$$0$

$$0$

?

Part $2$

$?$a$)$ ?Using the decision making under uncertainty with the criterion of Maximax LOADING...

The appropriate decision will be

Build new plant

$.$

Part $3$

The value of the return under this decision is $?$$$300000300000.$

Part $4$

$?$b$)$ ?Using the decision making under uncertainty with the criterion of Maximin LOADING...

The appropriate decision will be

Do Nothing

$.$

Part $5$

The value of the return under this decision is $?$$$00.$

Part $6$

$?$c$)$ ?Using the decision making under uncertainty with the criterion of Equally Likely LOADING...

The appropriate decision will be

$?$ ?

Build new plant

Subcontract

Overtime

Do Nothing

$.$