Alternatives Very Favorable Market Average Market Unfavorable Market Build new plant $350,000 $240,000 -$300,000 Subcontract $180,000 $90,000 -$20,000 Overtime $110,000 $60,000 -$10,000 Do Nothing $0 $0 $0

1) Using the decision making under uncertainty with the criterion of Maximax

The appropriate decision will be ___________ (build new plant, subcontract, overtime, nothing)

The value of the return under this decision is $_____________

2) Using the decision making under uncertainty with the criterion of Maximin

The appropriate decision will be ___________ ( build new plant, subcontract, overtime, nothing)

The value of the return under this decision is $_____________

3) Using the decision making under uncertainty with the criterion of Equally Likely

The appropriate decision will be ___________ (build new plant, subcontract, overtime, nothing)

The value of the return under this decision is $_____________