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Alternatives Conservative Revenue ($) Moderate Revenue ($) Aggressive Revenue ($) Staffing Physician -190,00 -398,000 -614,000 On-Site Urgent Care 718,000 802,000 870,000 Off-Site Urgent Care 355,000
Alternatives Conservative Revenue ($) Moderate Revenue ($) Aggressive Revenue ($) Staffing Physician -190,00 -398,000 -614,000 On-Site Urgent Care 718,000 802,000 870,000 Off-Site Urgent Care 355,000 560,000 728,000 Which Alternative would be selected for each of the following: a. What is the Maximax decision? (1.5 Points) b. What is the maximin decision? (1.5 points) c. What is the equally likely (Laplace) decision? (2 points) d. What is the criterion of realism decision (Hurwitz)? Use an alpha of 0.4. (2 points) e. What is the minimax regret decision? (3 points)
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