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(b) Perform sensitivity analysis on the payoffs for decision alternative d,. Assume the probabilities are as given in part (a), and find the range of payoffs under states of nature s, and s, that will keep the solution found in part (a) optimal. As long as the payoff for s, under d, is s 2 x , then the solution found in part (a) will be optimal. As long as the payoff for s, under d, is s 6 then the solution found in part (a) will be optimal,

(b) Perform sensitivity analysis on the payoffs for decision alternative d,. Assume the probabilities are as given in part (a), and find the range of payoffs under states of nature s, and s, that will keep the solution found in part (a) optimal. As long as the payoff for s, under d, is s 2 x , then the solution found in part (a) will be optimal. As long as the payoff for s, under d, is s 6 then the solution found in part (a) will be optimal,

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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that will keep (b) Perform sensitivity analysis on the payoffs for decision alternative d,. Assume the probabilities are as given in part (a), and find the range of payoffs under states of nature the solution found in part (a) optimal. and As long as the payoff for S1 under d, is < then the solution found in part (a) will be optimal. As long as the payoff for S, under d1 is < 6. then the solution found in part (a) will be optimal.
Transcribed Image Text:that will keep (b) Perform sensitivity analysis on the payoffs for decision alternative d,. Assume the probabilities are as given in part (a), and find the range of payoffs under states of nature the solution found in part (a) optimal. and As long as the payoff for S1 under d, is < then the solution found in part (a) will be optimal. As long as the payoff for S, under d1 is < 6. then the solution found in part (a) will be optimal.
The following payoff table shows the profit for a decision problem with two states of nature and two decision alternatives. State of Nature Decision Alternative S1 S2 13 4 d2 7 6.
Transcribed Image Text:The following payoff table shows the profit for a decision problem with two states of nature and two decision alternatives. State of Nature Decision Alternative S1 S2 13 4 d2 7 6.
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