Question

119 Using the below table, Fill in the regrettable Success Moderate Success Failure Sell Company 150 150 150 Form Joint Venture 500 593.00 68.00 Sell Software on own 828.00 400 -500 Regret Table Success Moderate Success Failure Sell Company Form Joint Venture Sell Software on own Based on the MiniMax Regret Method, what is the value for the Decision Alternative Sell software on own Submit Answer format: Number: Round to: O decimal places

Answer 1

Regret table	Success	Moderate income	Failure	Maximum regret
Self company	=828-150	=593-150	=150-150	678
From Joint venture	=828-500	=593-593	=150-68	328
sell software on own	=828-828	=593-400	=150-(-500)	650
			Minimax Regret	328

Regret	Success	Moderate income	Failure	Maximum regret
Self company	678	443	0	678
From Joint venture	328	0	82	328
sell software on own	0	193	650	650
			Minimax Regret	328

Based on the minimax regret method, the value for the decision alternative sell software on own is 650