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The owner of the Humber Lakeshore Transport Company must decide among manufacturing 10 new transport trucks, manufacturing 20,000 new electric scooters, or leasing all their

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The owner of the Humber Lakeshore Transport Company must decide among manufacturing 10 new transport trucks, manufacturing 20,000 new electric scooters, or leasing all their manufacturing equipment to another company. The profit that will result from each alternative will be determined by whether material costs remain stable, increase moderately, or increase significantly. In the payoff table below the estimated profits/losses are given in $thousands. Material Costs Moderate Significant Stable Increase Increase Transport 1840 1050 -170 Decision Scooters 900 900 1150 Leasing 2100 600 -2500 Determine the best decision using the Maximin decision criterion. O Decision: Leasing based on -2500 = min(-170,900,-2500) O Decision: Stable based on 900 = max(900,600,-2500) Decision: Scooters based on 900 = max(-170,900,-2500) Decision: Transport based on 170 = min(170.900.600)

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