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to maximizing profits and wants to continue with this approach for this project as well. The CEO has hired you as the project manager to recommend what type of facility to build. Based on the above information: 1. Estimate the decision (payoff) table for this problem. (30 Marks) 2. Using the Optimistic criterion. (4 marks) a. What do you recommend? b. What will be the payoff value? 3. Using the Pessimistic criterion (4 marks) a. What do you recommend? b. What will be the payoff value? 4. Using the criterion of Realism, alpha = 0.25 (4 marks) a. What do you recommend? b. What will be the payoff value? 5. Criterion Decisions under risk (4 marks) a. What do you recommend? b. What will be the payoff value