Given is a decision payoff table and a Sub Decision Payoff Table. Use Minimax Regret as an evaluation criterion to evaluate alternatives.AlternativesLowFuture DemandModerateHighSmall Facility524243Medium Facility504949Large Facility-1538AlternativesSmall FacilityMedium FacilityLarge FacilityWorst Regrets???a) The worst regrets for alternative Small Facility is Blank 1b) The worst regrets for alternative Medium Facility is Blank 2c) The worst regrets for alternative Large Facility is Blank 3d) The best course of action or decision by using Minimax Regret is to select Blank 4 facility51

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Answered: Given is a decision payoff table and a…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Problem 12-15 (Algo) Given the data shown below, calculate the slope and intercept using simple linear regression. (Round your intermediate calculations and final answers to 1 decimal place.) Period: Demand: 1 2 3 4 5 6 22 29 42 50 54 61 Slope Intercept
Given is a decision payoff table and a Sub Decision Payoff Table. Use Minimax Regret as an evaluation criterion to evaluate alternatives. Future Demand Alternatives Low Moderate High Small Facility 31 18 15 Medium Facility 20 35 21 Large Facility -10 31 35 Alternatives Worst Regrets Small Facility ? Medium Facility ? Large Facility ? a) The worst regrets for alternative Small Facility is ( ) b) The worst regrets for alternative Medium Facility is ( ) c) The worst regrets for alternative Large Facility is ( ) d) The best course of action or decision by using Minimax Regret is to select ( ) facility
problem number 2/a,b,and c No handwritten solution plz

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