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The quality control manager for ENTA Inc. must decide whether to accept (A1), further analyze (A2), or reject (A3) a lot of incoming material. Assume
The quality control manager for ENTA Inc. must decide whether to accept (A1), further analyze (A2), or reject (A3) a lot of incoming material. Assume the following payoff table is available.
Scenario1 Scenario2 Scenario3 A1 20 30 90 A2 60 70 10 A3 80 50 40
What action would you choose according to maximax criterion?
A1 (Accept) |
A2 Further analysis |
Reject A3 |
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