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H C D Decision Table: The Corner Diner Dilemma Complete the nmbers in the highlighted cells. Results EMV Minimum Maximum 0.3 4 Data Scenario 1
H C D Decision Table: The Corner Diner Dilemma Complete the nmbers in the highlighted cells. Results EMV Minimum Maximum 0.3 4 Data Scenario 1 Scenario 2 Scenario 3 5 Sales Increases Robust Average Recession 6 Probability 0.4 0.3 7 Large Facility 500000 250000 -275000 8 Medium Facility 350000 300000 -100000 9 Small Facility 125000 100000 -25000 10 No New Facility Maximum 12 Expected Value of Perfect Information Column best MINIMAX EMV MAXIMIN MAXIMAX Expected Maximum Scenario 1 Scenario 2 Scenario 3 0.3 0.4 0.3 18 Regret 19 20 Probability 21 Large 22 Medium 23 Small 24 No Facility 25 Minimum 26 27 Your Advice: H C D Decision Table: The Corner Diner Dilemma Complete the nmbers in the highlighted cells. Results EMV Minimum Maximum 0.3 4 Data Scenario 1 Scenario 2 Scenario 3 5 Sales Increases Robust Average Recession 6 Probability 0.4 0.3 7 Large Facility 500000 250000 -275000 8 Medium Facility 350000 300000 -100000 9 Small Facility 125000 100000 -25000 10 No New Facility Maximum 12 Expected Value of Perfect Information Column best MINIMAX EMV MAXIMIN MAXIMAX Expected Maximum Scenario 1 Scenario 2 Scenario 3 0.3 0.4 0.3 18 Regret 19 20 Probability 21 Large 22 Medium 23 Small 24 No Facility 25 Minimum 26 27 Your Advice
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