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Using the Hurwicz Criterion, what is the highest expected value? What is the most beneficial project? Alpha value is 0.7 A company wants to increase

Using the Hurwicz Criterion, what is the highest expected value? What is the most beneficial project? Alpha value is 0.7

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A company wants to increase its production and preliminary studies indicate that the following alternatives can generate the following levels of profits. Profits alternative Minimal Maximum I: Acquire new machinery $240.000 $290.000 II: Change technology $200,000 $220,000 III: Expand plant buildings $150.000 $180.000 Using the Hurwicz Criterion, what is the highest expected value? What is the most beneficial project

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