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(30 pts.) 1. Suppose that a filter company is trying to make a decision on the production capacity in the next year. According to the
(30 pts.) 1. Suppose that a filter company is trying to make a decision on the production capacity in the next year. According to the decided production capacity, new machines and equipment will be purchased. The situation of the economy is very effective during this decision-making process and the related data is determined as follows. Determine the best alternative by using: O Maximin O Criterion of realism (a=0.8) o Minimax Moreover, if probabilities for all the states of nature are given as in the Table below, obtain the values of the following parameters by using these data
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