Question: Using the MAXIMIN method, which decision Alternative will you chose? Decision Success Above average Failure Alternative success Sell Company 500 100 100 144 333 200

Using the MAXIMIN method, which decision

Using the MAXIMIN method, which decision Alternative will you chose? Decision Success Above average Failure Alternative success Sell Company 500 100 100 144 333 200 Form Joint Venture 150 828 200 Sell software on own 1) Sell Software 2) Form Joint Venture 3) Sell Software on own Using the MINIMAX regret method, what will be the final answer? The Regret table is given. Regret Table Success Moderate Failure Success Sell 100 200 100 Company Form Joint 200 300 230 Venture Sell Software 400 500 (120) on own 1) -120 2) 100 3) 200 4) 230

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