1. The next matrix shows gain payoff matrix for 4-alternatives and 4-future states, $1 52 53 $4 al -600 500 360 320 a2 400 300 -40 700 a3 200 400 420 -260 a4 300 200 160 80 80 (a) Determine the best alternative based on Laplace criterion (b) Determine the best alternative based on Max-Min criterion (c) Determine the best alternative based on Savage (MinMax Regret) criterion (d) Determine the best alternative based on Hurwicz criterion (a = 0.25) 1. The next matrix shows gain payoff matrix for 4-alternatives and 4-future states, $1 52 53 $4 al -600 500 360 320 a2 400 300 -40 700 a3 200 400 420 -260 a4 300 200 160 80 80 (a) Determine the best alternative based on Laplace criterion (b) Determine the best alternative based on Max-Min criterion (c) Determine the best alternative based on Savage (MinMax Regret) criterion (d) Determine the best alternative based on Hurwicz criterion (a = 0.25)