Decision analysis question

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Reference no: EM13127449

Consider the following Pay-off Table:

Decision Alternatives Shortage Stable Supply Surplus

Motel $-8000 $15,000 $20,000

Food Restaurant $2,000 $8,000 $6,000

Movie Theater $6,000 $6,000 $5,000

What are the decisions for Maximax, Maximin, Minimax Regret, Hurwicz (alpha=0.4) and Equal Likehood Criterion?

Reference no: EM13127449

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