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Given the following conditional value table: States of Nature Very Favorable Average Unfavorable Alternatives Market Market Market Build new plant $350,000 $240,000 - $300,000 Subcontract
Given the following conditional value table: States of Nature Very Favorable Average Unfavorable Alternatives Market Market Market Build new plant $350,000 $240,000 - $300,000 Subcontract $180,000 $90,000 - $20,000 Overtime $1 10,000 $60,000 - $10,000 Do Nothing $0 $0 a) Using the decision making under uncertainty with the criterion of Maximax The appropriate decision will be Overtime Build new plant Subcontract Do Nothing
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