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 Moderate Lo W Hig h Small 53 47 41 Facility Medium 47 51 46 Facility Large -1536 51 Facility Alternativ Worst es Regrets Small ? Facility Medium ? Facility Large ? Facility a) The worst regrets for alternative Small Facility is type your answer... alternative Large Facility is type your answer... b) The worst regrets for alternative Medium Facility is type your answer... d) The best course of action or decision by using Minimax Regret is to select type your answer... c) The worst regrets for facility

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 Moderate Lo W Hig h Small 53 47 41 Facility Medium 47 51 46 Facility Large -1536 51 Facility Alternativ Worst es Regrets Small ? Facility Medium ? Facility Large ? Facility a) The worst regrets for alternative Small Facility is type your answer... alternative Large Facility is type your answer... b) The worst regrets for alternative Medium Facility is type your answer... d) The best course of action or decision by using Minimax Regret is to select type your answer... c) The worst regrets for facility

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section9.4: The Precision Tree Add-in

Problem 9P

See similar textbooks