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Remaining Time: 19 minutes, 21 seconds. Question Completion Status: Moving to the next question prevents changes to this answer. Question 2 Less than half of the time remains. Close Window Question 2 of 4 3 points Save Antwer FAT FOOT Restaurant faces the following pay-off table. Manager has to choose how many salads to make in advance each day before he knows the actual demand. The actual demand can be fluctuated between excellent and bad. FAT FOOT Restaurant can supply between 40, 50, 60 and 70 with the probabilities as shown in the table. Daily Demand Excellent Good Moderate Bad 70 salads $80 $0 $-80 $-160 Daily supply 60 salads $80 $100 $20 $-40 50 salads $80 $100 $120 $40 40 salads $80 $100 $120 $140 Probability 0.2 0.5 0.1 Answer the follwoing: 1-What is the decision and value under MAXIMIN. In the answer section, provide only (right decision?) and (its value?) 2-What is the decision and value under Regret. In the answer section, provide only (right decision?) and (its value?)

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FAT FOOT Restaurant faces the following pay-off table. Manager has to choose how many salads to make in advance each day before he knows the actual demand. The actual
demand can be fluctuated between excellent and bad. FAT FOOT Restaurant can supply between 40, 50, 60 and 70 with the probabilities as shown in the table.
Daily Demand
Excellent
Good
Moderate
Bad
70 salads
$80
$0
$-80
$-160
Daily supply
60 salads
$80
$100
$20
$-40
50 salads
$80
$100
$120
$40
40 salads
$80
$100
$120
$140
Probability
0.2
0.5
0.1
Answer the follwoing:
1-What is the decision and value under MAXIMIN.
In the answer section, provide only (right decision?) and (its value?)
2-What is the decision and value under Regret.
In the answer section, provide only (right decision?) and (its value?)

Remaining Time: 19 minutes, 21 seconds.
Question Completion Status:
Moving to the next question prevents changes to this answer.
Question 2
Less than half of the time remains.
Close Window
Question 2 of 4
3 points
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FAT FOOT Restaurant faces the following pay-off table. Manager has to choose how many salads to make in advance each day before he knows the actual demand. The actual
demand can be fluctuated between excellent and bad. FAT FOOT Restaurant can supply between 40, 50, 60 and 70 with the probabilities as shown in the table.
Daily Demand
Excellent
Good
Moderate
Bad
70 salads
800
-80-160
Daily supply
60 salads
80100
20-40
50 salads
80100
12040
40 salads
80100
120140
Probability
0.2
0.5
0.1
Answer the follwoing:
1-What is the decision and value under MAXIMIN.
In the answer section, provide only (right decision?) and (its value?)
2-What is the decision and value under Regret.
In the answer section, provide only (right decision?) and (its value?)

Added by Jessica H.

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