• A.1 Given the following conditional value table, determine the appropriate decision under uncertainty using:

a) Maximax

b) Maximin

c) Equally likely

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ALTERNATIVES UNFAVORABLE STATES OF NATURE VERY FAVORABLE MARKET AVERAGE MARKET $240,000 MARKET -$300,000 -$ 20,000 -$ 10,000 0 $ 0 Build new plant $350,000 Subcontract Overtime $180,000 $ 90,000 $110,000 Do nothing $ 0 69 $ 60,000 $