The State of Nature Decision Alternative 0.83 1-0.83- S1 S2 D1 3 D2 7 D3 13 6. What is the Minimum payoff value for the D3 under S2 should be to keep the optimal solution always optimal? Remark: write only the value of payoff (no need to write > or <) Write your answer in 2 Decimal places

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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The State of Nature
Decision Alternative
0.83
1-0.83=
51
S2
D1
3
D2
D3
13
6.
What is the Minimum payoff value for the D3 under S2 should be to keep
the optimal solution always optimal?
Remark: write only the value of payoff (no need to write > or <)
Write your answer in 2 Decimal places
5.
Transcribed Image Text:The State of Nature Decision Alternative 0.83 1-0.83= 51 S2 D1 3 D2 D3 13 6. What is the Minimum payoff value for the D3 under S2 should be to keep the optimal solution always optimal? Remark: write only the value of payoff (no need to write > or <) Write your answer in 2 Decimal places 5.
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