. 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
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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