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( a ) MaxiMax and ( b ) MaxiMin: Payoff table: Investment Alternatives Gasoline Availability ( a ) Row Maximums ( b ) Row Minimums

(a) MaxiMax and (b) MaxiMin:
Payoff table:
Investment Alternatives Gasoline Availability (a)
Row Maximums (b)
Row Minimums
Shortage Stable Surplus
Motel -8,00015,00020,000
Restaurant 2,0008,0006,000
Theater 6,0006,0005,000
Column Max
(a) Value of MaxiMax =___________. The best alternative as decision is: ___________.
(b) Value of MaxiMin =___________. The best alternative as decision is: ___________.
(c) MiniMax Regret Method. Show your Regret Table here, and row maximums:
Regret Table (show your calculations):
Investment Alternatives Gasoline Availability (c)
Row Maximums
Shortage Stable Surplus
Motel
Restaurant
Theater
(c) Value of MiniMax Regret =__________. The best alternative as decision is: ___________.

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