Given the following conditional value table:

Given the following conditional value table:

Alternatives Very Favorable Market Average Market Unfavorable Market
Build new plant $250,000 $180,000 -$200,000
Subcontract $270,000 $185,000 -$220,000
Overtime $100,000 $50,000 -$12,000
Do Nothing $0 $0 $0

a) Using the decision making under uncertainty with the criterion of Maximax

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The appropriate decision will be Subcontract

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The value of the return under this decision is $ 270.000.

 

b) Using the decision making under uncertainty with the criterion of Maximin

The appropriate decision will be Do Nothing

The value of the return under this decision is $ 0.

 

c) Using the decision making under uncertainty with the criterion of Equity Likely.

The appropriate decision will be Subcontract

The vaGiven the following conditional value table:lue of the return under this decision is s (enter your answer as a whole number).

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