::: 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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