Question: T 1 Operational Decision-Making Tools: Decision Analysis 45 Demand Service Facility Child care center Swimming pool of New lockers and showers Food court Poor $17,000

 T 1 Operational Decision-Making Tools: Decision Analysis 45 Demand Service Facility

T 1 Operational Decision-Making Tools: Decision Analysis 45 Demand Service Facility Child care center Swimming pool of New lockers and showers Food court Poor $17,000 -75,000 12,000 Moderate $27,000 26,000 37,000 High $41,000 71,000 57,000 -- 31,000 6,000 19,000 25,000 87,000 32,000 Spa Determine the best decision for the club using the following criteria. a. Maximax b. Minimax c. Hurwicz (a = .45) d. Equal likelihood 9. In Problem S1-18, assume the Weight Club is able to estimate proba- bilities of occurrence for each possible future demand state, as follows: Demand Service Facility Poor Moderate .54 Child care center .12 .34 T 1 Operational Decision-Making Tools: Decision Analysis 45 Demand Service Facility Child care center Swimming pool of New lockers and showers Food court Poor $17,000 -75,000 12,000 Moderate $27,000 26,000 37,000 High $41,000 71,000 57,000 -- 31,000 6,000 19,000 25,000 87,000 32,000 Spa Determine the best decision for the club using the following criteria. a. Maximax b. Minimax c. Hurwicz (a = .45) d. Equal likelihood 9. In Problem S1-18, assume the Weight Club is able to estimate proba- bilities of occurrence for each possible future demand state, as follows: Demand Service Facility Poor Moderate .54 Child care center .12 .34

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