Construct an opportunity loss matrix for the data in Problem 21... | Filo
Construct an opportunity loss matrix for the data in Problem 21..…
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Q2. Prepare opportunity loss table from the following pay-off t... | Filo
Q2. Prepare opportunity loss table from the following pay-off t... | Filo
5 months ago
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SOLVED: Minimax RegretCreate an opportunity loss table by determining the opportunity loss for not choosing the best alternative. Find the maximum regret. Select the alternative with the lowest regret, e.g., regret-200k-200k-0, 100k-100k-200k, 0-20k-200k.AlternativeFavorable Market Unfavorable Market (Opportunity cost) (Opportunity cost) Construct a large plant 200,000 -180,000 Construct a small plant 100,000 20,000 Do nothingMaximize regret MINI
SOLVED: Minimax RegretCreate an opportunity loss table by determin…
Dec 25, 2022
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