What is the minimax regret decision

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Reference no: EM13294389

Today's electronics specializes in manufacturing modern electronic components. It also builds the equipment that produces the components. Phyllis Weinberger, who is responsible for advising the president of Today's Electronics on electronic manufacturing equipment, has developed the following table concerning a proposed facility:

A. Develop an opportunity loss table

B. What is the minimax regret decision?

Strong market Fair market Poor market
Large 550,000 110,000 -310,000
Medium 300,000 129,000 -100,000
Small 200,000 100,000 -32,000
None 0 0 0

Reference no: EM13294389

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