Study Pack NEW Practice Find solutions for your homework home / study / history / american history / american history questions and answers / assignment ima manufacturing is consi Question: Assignment JMA Manufacturing is considering expa Assignment JMA Manufacturing is considering expanding manufacturing capacity at its New Bern facility. Engineering has developed estimates for three expansion plans. The payoff that results from these expansions depends on the demand for JMA's new product, Fido Glide running shoes for active dogs). The marketing department has developed estimates for the next year's potential profits associated with each of these expansions, not including the cost of the expansion, based on low demand or high demand. Small expansion The small expansion will cost $1.25 million to build. The revenues are estimated to be $2 million if demand is low and $3.5 million if demand is high Medium expansion: . The medium expansion will cost $2.5 million to build The revenues are estimated at $3.5 million (low demand) and $4.25 million (high demand). Large expansion The large expansion will cost $5.5 million to build . The revenues are estimated at $4.5 million (low demand) and $7 million (high demand). Do the following . Construct a Payoff table (remember to include the profits and investment costs) Calculate the optimal choice under the Maximax criteria. Calculate the optimal choice under the Maximin criteria Calculate the optimal choice under the Minimax Regret criteria MacBook Air DOO 80 FS 76 F3 F4