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A construction company is considering three different suppliers for concrete mix. The company needs to choose one supplier to ensure they have a source of
A construction company is considering three different suppliers for concrete mix. The company needs to choose one supplier to ensure they have a source of concrete for an upcoming projectThe cost in dollars per cubic yard and the expected quality level on a scale of to with being the best for each supplier are as follows: States of Nature Expected quality level Alternatives $ $ Which alternative is most optimistic and why Which alternative is most pessimistic and why Using the Hurwicz criterion with a coefficient of realism alpha approx which supplier
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