Question: The following payoff tables represents COSTS. table [ [ , S 1 , S 2 , S 3 ] , [ D 1 ,

The following payoff tables represents COSTS.
\table[[,S1,S2,S3],[D1,10,16,25],[D2,22,18,8],[D3,15,15,12]]
Which decision alternative should be chosen, if the decision maker uses the optimistic approach?
Choose
Which decision alternative should be chosen, if the decision maker uses the mini-max regret approach?
Which decision alternative should be chosen, if the decision maker uses the equal-likelihood approach?
If the decision maker chooses D1, what is the most regret possible?
Max regret =
If P(S1)=.25;P(S2)=.5;P(S3)=.25, then the expected value of perfect information is:
EVPI =
 The following payoff tables represents COSTS. \table[[,S1,S2,S3],[D1,10,16,25],[D2,22,18,8],[D3,15,15,12]] Which decision alternative should

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