USE THIS CHART to practice the 5 Criterion for Making Decisions under Uncertainty . practice all 5 criteria models (SHOW YOUR WORK), highlight the best alternative for each criteria. Again, use .7 alpha for Hurwicz. ** You will already be answering their questions a and b, during your work on all the 5 Criterion. THEN, use the following probabilities to calculate the EMV, EOL, and EVPI: 30% strong market, 50% fair market, and 20% poor market.

Todays Electronics specializes in manufacturing modern electronic components. It also builds the equipment that produces the components. Phyllis Weinberger, who is responsible for advising the president of Todays Electronics on electronic manufacturing equipment, has developed the following table concerning a proposed facility:

Large facility	550,000	110,000	-310,000
Medium-sized facility	300,000	129,000	-100,000
Small facility	200,000	100,000	-32,000
No Facility	0	0	0