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ine following is a payoff table for an Electronic Company's Productio The State of Nature Decision Alternative E(D1)= D1 E(D2)= 0.69 D2 D3 11 The Expected values for the payoff table as follows: 51 2 5.72 13 5.72 11.45 11.45 0.31 52 D3 The Expected values for the payoff table as follows: E(D₁) E10₂)= E(D3)= 9.14 What should be the payoff value for the D₂ under S₁ to keep the solution optimal at D22 <<< 10.3 >-0.90 >9.65 <32.48 14

ine following is a payoff table for an Electronic Company's Productio The State of Nature Decision Alternative E(D1)= D1 E(D2)= 0.69 D2 D3 11 The Expected values for the payoff table as follows: 51 2 5.72 13 5.72 11.45 11.45 0.31 52 D3 The Expected values for the payoff table as follows: E(D₁) E10₂)= E(D3)= 9.14 What should be the payoff value for the D₂ under S₁ to keep the solution optimal at D22 <<< 10.3 >-0.90 >9.65 <32.48 14

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The following is a payoff table for an Electronic Company's Produen The State of Nature Decision Alternative 0.60 0.31 51 D1 2 14 D2 13 D3 11 The Expected values for the payoff tahle as follows: 5.72 E(D1)= 11.45 E(D2)= 13 D3 The Espected valuen tor the payntt table as followa 5.72 11.45 E(D3)= 0.14 What should be the payoff value for the D2 under S to keep the solution optimal at D22 O10.3 >-0.90 >9.65 <32.48
Transcribed Image Text:The following is a payoff table for an Electronic Company's Produen The State of Nature Decision Alternative 0.60 0.31 51 D1 2 14 D2 13 D3 11 The Expected values for the payoff tahle as follows: 5.72 E(D1)= 11.45 E(D2)= 13 D3 The Espected valuen tor the payntt table as followa 5.72 11.45 E(D3)= 0.14 What should be the payoff value for the D2 under S to keep the solution optimal at D22 O10.3 >-0.90 >9.65 <32.48
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