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The projected pay-off corresponding to various levels of business expansion and economic conditions faced by Busara Ltd is given by the table below. Using Hurwicz
The projected pay-off corresponding to various levels of business expansion and economic conditions faced by Busara Ltd is given by the table below. Using Hurwicz criterion with, identify the correct decision for Busara Ltd. Alternatives /Events Expand the business (d1) Maintain the business at current level (d2) Contract the business (d3) Contract the business significantly (d4) a. d4 O b. b. d1 C. d3 d. d2 Boom 900,000 -200,000 400,000 -100,000
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