Question: ( Using the same problem ) A vendor for the local ballpark food stand is questioning whether to stock his concession with a large or
Using the same problem A vendor for the local ballpark food stand is questioning whether to stock his concession with a large or small inventory. He believes that it will depend upon the size of the crowd. He has developed a payoff matrix for the various alternatives stocking decision and states of nature size of crowd What is the answer using criterion ofrealism hurwicz with an alpah of PROFIT AlternativesLarge,Average,SmallLarge Inventory,Crowd,Crowd,CrowdSmall Inventory,
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