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3 4 . In order to maximize profit, you need to choose to produce one of two products, A or B . The optimal decision
In order to maximize profit, you need to choose to produce one of two products, A or B The optimal decision depends on the demand for A and B and you do know that information, but your worried that one of the probabilities of the possible states of nature is unreliable. What method could you employ to help understand your decision better?
Decision Analysis with Probability and a Sensitivity Analysis
Decision Analysis with Probability and a Risk Analysis
Decision Analysis with Probability and a Robust Analysis
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