What is the best of the best payoffvalue?DİHL Co. is a Danao-based logisticscompany owned by Engr. Donald H.Lalican. Anticipating the growingdemand for delivery services, hedeveloped a strategic plan for theyear 2022. The options are to hireadditional delivery crews in theirMandaue facility, construct a newfacility in Talisay City, orsubcontract Chlala Move, a small-time company. A study conductedby the marketing departmentforecasted the following payoffvalues, which are summarized in thetable below. The values areexpressed as gains and alpha = 0.6.States of NatureDecision AlternativesFailureLowModerateHighHire additional Drivers in Mandaue-450,000-250,000250,000500,000Construct a facility in Talisay-800,000-400,000300,000700,000Subcontracting Ohlala Move-100,000-10,000150,000300,000

*Answer: Step 1 The Maximax criterion is a hopeful methodology. It recommends that the…

HL Co. is a Danao-based logistics mpany owned by Engr. Donald H. ican. Anticipating the growing mand for delivery services, he weloped a strategic plan for the ar 2022. The options are to hire ditional delivery crews in their ndaue facility, construct a new ility in Talisay City, or ocontract Ohlala Move, a small- ne company. A study conducted the marketing department ecasted the following payoff ues, which are summarized in the lo bol w The valuoG

HL Co. is a Danao-based logistics mpany owned by Engr. Donald H. ican. Anticipating the growing mand for delivery services, he weloped a strategic plan for the ar 2022. The options are to hire ditional delivery crews in their ndaue facility, construct a new ility in Talisay City, or ocontract Ohlala Move, a small- ne company. A study conducted the marketing department ecasted the following payoff ues, which are summarized in the lo bol w The valuoG

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please give me correct answer and full explanation . Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
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Please give me correct answer with proper calculation otherwise I will give you multiple multiple downvote Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
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Please give me correct answer and full explanation. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
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Please give me correct answer with full explanation and calculation otherwise i give multiple downvote Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.