Decision Alternative Delphi Inc. CRM International Murray Analytics $ +A Maximum +A $ $ $ Minimum Calculate the amounts foregone by not adopting the optimal course of action for each possible implementation duration. Determine the maximum opportunity cost for each alternative. Fill in the table below. If your answer is zero, enter "0". Round your answers to the nearest cent. Opportunity Loss Matrix Decision Alternative Future events Short Medium Long Maximum $ Delphi Inc. CRM International $ Murray Analytics $ $ $ Conduct a decision analysis to evaluate the choice of a vendor. The aggressive strategy (maximax) is to choose the -Select- The conservative strategy (maximin) is to choose the -Select- The opportunity loss strategy is to choose the -Select- 6 Payoff Table 7 Decision Alternative 8 Expand existing plant Future Events Low Product Demand High Product Demand $200,000.00 $100,000.00 $300,000.00 $450,000.00 Maximum Minimum Expected Value $300,000.00 $200,000.00 $450,000.00 $100,000.00 9 Build new plant 10 11 12 13 Probability 14 15 Opportunity Loss Matrix 16 Decision Alternative 17 Expand existing plant 18 Build new plant 19 Future Events Low Product Demand High Product Demand $0.00 $100,000.00 $150,000.00 $0.00 20 21 22 23 Maximax Decision 24 Maximin Decision 25 Opportunity Loss Decision 26 Expected Value Decision 27 EVPI 28 Build new plant Expand existing plant. Build new plant #N/A #N/A Maximum Expected Value $0.00 Maximum $150,000.00 $100,000.00 A company is considering three vendors for purchasing a CRM system: Delphi Inc., CRM International, and Murray Analytics. The costs of the system are expected to depend on the length of time required to implement the system, which depends on such factors as the amount of customization required, integration with legacy systems, resistance to change, and so on. Each vendor has different expertise in handling these things, which affect the cost. The costs (in millions of $) are shown below for short, medium, and long implementation durations. Use the Excel template Decision Analysis to identify what vendor to select. Decision Alternative Delphi Inc. CRM International Murray Analytics Short Medium Long $3.50 $4.80 $6.55 $5.50 $4.25 $6.80 $3.00 $5.80 $7.50 Fill in the table below for maximum and minimum costs under each alternative. Carry out an analysis considering costs as negative numbers. Round your answers to the nearest cent.