The table shows both prospective profits and losses for a company,depending on what decision is made and what state of nature occurs.Use the information to determine what the company should do.
a.if an optimistic strategy is used.
b.if a conservative strategy is used.
c.if minimax regret is the strategy.
Correct Answer:
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b.d1
c....
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A)EVSI*(100%).
B)EVSI/EVPI*(100%).
C)EVwoSI/EVwoPI*(100%).
D)EVwSI/EVwoSI*(100%).
Q23: Sensitivity analysis considers
A) how sensitive the decision
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A) is always measured in profit.
B)
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