Mathematics, 05.05.2020 17:25 rolo7105
A manager is deciding whether or not to build a small facility. Demand is uncertain and can be either at a high or low level. If the manager chooses a small facility and demand is low, the payoff is $300. If the manager chooses a small facility and demand is high, the payoff is $100. On the other hand, if the manager chooses a large facility and demand is low, the payoff is -$200, but if demand is high, the payoff is $800.
(a) What would be the best decision based on the maximax criterion?
(b) What would be the best decision based on the maximin criterion?
(c) What would be the best decision based on the minimax regret?
Answers: 3
Mathematics, 21.06.2019 21:00, lunnar2003
Graph the system of inequalities presented here on your own paper, then use your graph to answer the following questions: y < 4x − 8 y is greater than or equal to negative 5 over 2 times x plus 5 part a: describe the graph of the system, including shading and the types of lines graphed. provide a description of the solution area. (6 points) part b: is the point (5, −8) included in the solution area for the system? justify your answer mathematically. (4 points)
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Mathematics, 21.06.2019 22:40, raymond5799
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Mathematics, 21.06.2019 23:30, Bryanguzman2004
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