Question: $U a) Using the decision making under uncertainty with the criterion of Maximax The appropriate decision will be Build new plant. rin The value of

$U a) Using the decision making under uncertainty
$U a) Using the decision making under uncertainty
$U a) Using the decision making under uncertainty with the criterion of Maximax The appropriate decision will be Build new plant. rin The value of the return under this decision is $ 350,000 bra b) Using the decision making under uncertainty with the criterion of Maximin urce The appropriate decision will be Do Nothing dy The value of the return under this decision is $0. c) Using the decision making under uncertainty with the criterion of Equally Likely. Center The appropriate decision will be Build new plant ation 1 The value of the return under this decision is $ 300000 (enter your answer as a whole number). Enter your answer in the an Alternatives Build new plant Subcontract Overtime Do Nothing Very Favorable Market $350,000 $180,000 $110,000 $0 States of Nature Average Market $240,000 $90,000 $60,000 $0 Unfavorable Market - $300,000 - $20,000 - $10,000 $0

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