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Question 4: A plant manager considers the operational cost per hour of ve machine alternatives. The cost per hour is sensitive to three potential weather
Question 4: A plant manager considers the operational cost per hour of ve machine alternatives. The cost per hour is sensitive to three potential weather conditions: cold, mild, and warm. The following table represents the operations cost per hour for each alternative-state of nature combination: States of Nature Weather-related cost per hour Alternatives Cold cost/day Mild cost/day Warm cost/day _ \"5 $42 \"7 Machine 3 $40 $35 $54 $60 $30 $48 Machine 5 $45 $40 $45 Using the optimistic criterion, which alternative is best
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