(Provide complete decision table solution)which decision alternative has a minimum payoff value from the maximum regrets? a. construct a facility in talisayb. both construct a facility in talisay and subcontracting ohlala movec. hire additional drivers in mandaued. sobcontracting ohlala move what realism approach decision alternative has maximum payoff? a. construct a facility in talisayb. both hire additional drivers in mandaue and construct a facility in talisayc. hire additional drivers in mandaued. sobcontracting ohlala move which equally likely decision alternative has the best payoff value? a. construct a facility in talisayb. hire additional drivvers in mandauec. either subcontracting ohlala move or construct a facility in talisayd. subcontracting ohlala move. DIHL Co. is a Danao based logistics company owned by Engr. Donald H. Lalican. Anticipating the growing demand for delivery services, he developed astrategic plan for the year 2022. the options are to hire additional delivery crews in their Mandaue facility, construct a new facility in Talisay City, orsubcontract Ohlala Move, a small time company. A study conducted by the marketing department forecasted the following payoff values, which aresummarized in the table below. The values are expressed as gains and alpha = 0.6. What decision will Engr. Lalican make using the different criteria underconditions of uncetainty. Question is what is the worst possible decision he will make?States of NatureStates of NatureStates of NatureStates of NatureDecision AlternativesFailureLowModerateHighHire Additional drivers inMandaue|-450.000-250.000250,000500,000Construct a facility in Talisay-800.000|-400,000300,000700,000Subcontracting Ohlala Move-100,000|-10,000150,000300,000

Find the Given details below: Given details: States of Nature Decision Alternatives Failure…

which decision alternative has a minimum payoff value from the maximum regrets? a. construct a facility in talisay b. both construct a facility in talisay and subcontracting ohlala move c. hire additional drivers in mandaue d. sobcontracting ohlala move what realism approach decision alternative has maximum payoff? a. construct a facility in talisay b. both hire additional drivers in mandaue and construct a facility in talisay c. hire additional drivers in mandaue d. sobcontracting ohlala move which equally likely decision alternative has the best payoff value? a. construct a facility in talisay b. hire additional drivvers in mandaue c. either subcontracting ohlala move or construct a facility in talisay d. subcontracting ohlala move.

which decision alternative has a minimum payoff value from the maximum regrets? a. construct a facility in talisay b. both construct a facility in talisay and subcontracting ohlala move c. hire additional drivers in mandaue d. sobcontracting ohlala move what realism approach decision alternative has maximum payoff? a. construct a facility in talisay b. both hire additional drivers in mandaue and construct a facility in talisay c. hire additional drivers in mandaue d. sobcontracting ohlala move which equally likely decision alternative has the best payoff value? a. construct a facility in talisay b. hire additional drivvers in mandaue c. either subcontracting ohlala move or construct a facility in talisay d. subcontracting ohlala move.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section: Chapter Questions

Problem 30P

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DiHL Co. is a Danao-based logistics company owned by Engr. Donald H. Lalican. Anticipating the growing demand for delivery services, he developed a strategic plan for the year 2022. The options are to hire additional delivery crews in their Mandaue facility, construct a new facility in Talisay City, or subcontract Ohlala Move, a small-time company. A study conducted by the marketing department forecasted the following payoff values, which are summarized in the table below. The values are expressed as gains and alpha = 0.6. *What is the best decision alternative under Maximax criterion? (Provide complete decision table solution)
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