Which alternative should be chosen based on the maximin

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Reference no: EM133588174

Question: ABC Inc. must make a decision on its current capacity for next year. Estimated profits (in $000s) based on next year's demand are shown in the table below.

Next Year's Demand
Alternative Low High
Expand $100 $200
Subcontract $50 $120
Do nothing $40 $50

Using the information above, which alternative should be chosen based on the maximin criterion?

Reference no: EM133588174

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