The owner of the Long Branch Computer Hardware Company must decide among building 100 servers, building 5000 hard drives, or leasing all their 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. The specialists calculated the likelihood for each possible level of material costs. In the payoff table below the estimated profit/losses are given in $th0usands. Material Costs Moderate St at [cant Stable g f Increase Increase Probability of State 0.4 0.5 0.1 of Nature (a) Construct Opportunity Loss (Regret) Table. Material Costs Stable Moderate Increase Significant Increase (a) Construct Opportunity Loss (Regret) Tabie. Material Costs Stable Moderate Increase Significant increase Servers Hard Drives Leasing Probability of State of Nature (b) Compute the expected opportunity loss value for each decision. EOL(Servers) : EOL(Hard Drives) : EOL(Leasing) : EOL(Hard Drives) = EOL(Leasing) = (c) Select the best decision using EOL criterion. O Decision: Servers O Decision: Leasing O Decision: Hard Drives (d) Which of the following formulae is correct? O EVPI = max EOL O EVPI = min EMV O EVPI = min EOL O EVPI = max EMV