QUESTION 4 30 points Save Answer Given is a decision payoff table and a Sub Decision Payoff Table

QUESTION 4 30 points Save Answer Given is a decision payoff table and a Sub Decision Payoff Table. Use Minimax Regret as an evaluation criterion to evaluate alternatives. Future Demand Alternatives Low Moderate High Small Facility 53 Large Facility15 AlternativesWorst Small Facility 47 51 36 46 51 Medium Facility 47 Regrets Medium Facility? Large Facility2 a) The worst regrets for alternative Small Facility is b) The worst regrets for alternative Medium Facility is c) The worst regrets for alternative Large Facility is d) The best course of action or decision by using Minimax Regret is to select facility

QUESTION 4 30 points Save Answer Given is a decision payoff table and a Sub Decision Payoff Table. Use Minimax Regret as an evaluation criterion to evaluate alternatives. Future Demand Alternatives Low Moderate High Small Facility 53 Large Facility15 AlternativesWorst Small Facility 47 51 36 46 51 Medium Facility 47 Regrets Medium Facility? Large Facility2 a) The worst regrets for alternative Small Facility is b) The worst regrets for alternative Medium Facility is c) The worst regrets for alternative Large Facility is d) The best course of action or decision by using Minimax Regret is to select facility

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