Just Thai and Thai Delight are two small competing restaurants which can no longer offer sit down

service. Each must determine simultaneously how to operate their businesses in light of no longer

being able to offer sit down service. Options are Home Delivery Only, Pick Up Only and offering

both Home Delivery and Pick Up. Just Thai believes that there is a 25% chance that Thai Delight

will offer Home Delivery Only, 25% chance of offering Pick Up Only and 50% chance of offering

both. Given the actions chosen by each restaurant, Just Thais profits are shown in the table below.

Thai Delight Choice

Just Thai Choice Home Delivery Pick Up Both

Home Delivery $3,100 $2,400 $1,000

Pick Up $2,400 $3,100 $500

Both $4,500 $3,000 $0

(a) For the maximax criterion determine Just Thais choice of business operation.

(b) For the maximin criterion determine Just Thais choice of business operation.

(c) For the minimax opportunity loss criterion determine Just Thais choice of business

operation.

(d) For the expected value criterion determine Just Thais choice of business operation.