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. Using the following table, perform ALL FIVE of the techniques for Decision Making under Uncertainty:  Maximax, Maximin, Hurwicz Realism (α = 0.4), LaPlace and Minimax Regret. You must show your Work in a SINGLE Excel file.   SIZE OF FIRST STATION GOOD MARKET FAIR MARKET POOR MARKET ($) ($) ($) Small 50,000 20,000 -10,000 Medium 80,000 30,000 -20,000 Large 100,000 30,000 -40,000 Very large 300,000 25,000 -160,000

. Using the following table, perform ALL FIVE of the techniques for Decision Making under Uncertainty:  Maximax, Maximin, Hurwicz Realism (α = 0.4), LaPlace and Minimax Regret. You must show your Work in a SINGLE Excel file.   SIZE OF FIRST STATION GOOD MARKET FAIR MARKET POOR MARKET ($) ($) ($) Small 50,000 20,000 -10,000 Medium 80,000 30,000 -20,000 Large 100,000 30,000 -40,000 Very large 300,000 25,000 -160,000

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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3. Using the following table, perform ALL FIVE of the techniques for Decision Making under Uncertainty:  Maximax, Maximin, Hurwicz Realism (α = 0.4), LaPlace and Minimax Regret. You must show your Work in a SINGLE Excel file.

 

SIZE OF FIRST STATION

GOOD MARKET

FAIR MARKET

POOR MARKET

($)

($)

($)

Small

50,000

20,000

-10,000

Medium

80,000

30,000

-20,000

Large

100,000

30,000

-40,000

Very large

300,000

25,000

-160,000

 

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