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Saturday, May 5, 2012

::: vuaskari.com ::: Mgt 603 MCQS help required

Given the table:

Alternatives

Small facility Medium facilit Large facility

 

Possible future demand

Low (Rs.)

High (Rs.)

10,000

8,000

12,000

20,000

18,000

15,000

 

Which one of the following is the correct payoff under MAXIMIN approach?

Rs. 8,000

Rs. 12,000

Rs. 18,000

Rs. 20,000

Solution:

Take lowest column and then take max value from that column


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