Alternative Capacity for New Store
Pay off table
Alternative Capacity for New Store
New Bridge Built No New Bride
A. 1 14
B. 2 10
C. 4 6
Assume the pay offs represents profits. Determine the alternative that woulf under minimax approach.
2. Assume the pay offs represents profits. Determine the alternative that would be chosen under maximin approach.
3. Assume the pay offs represents the profits. Determine the alternative that would be chosen under maximimax approach.
4. Assume the pay offs represents profits. Determine the alternative that woulf be choseb under laplace approach.
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