CanaSystems is considering a project to build upscale condominiums. They are considering plans on a small, medium, or large development and balancing possible future demand as low, moderate and high. Profits have been estimated and are summarized in a payoff table. Low High Moderate Demand Demand Demand Small 7 7 12 8 12 Medium 4 Large 11 17 Which table describes the opportunity loss for this situation? Act Opportunity Loss (Smillions) High Demand Low Moderate Demand Demand Small 5 Medium 3 5 Large 3 Act Opportunity Loss (Smillions) High Demand Low Moderate Demand Demand Small 5 Medium 3 3 Large 10 Opportunity Loss (Smillions) High Demand Act Low Moderate Demand Demand Small 7 Medium 3 1 2 Large 2 7 Opportunity Loss (Smillions) High Demand Act Low Moderate Demand Demand Small Medium 2 Lorgo 21
CanaSystems is considering a project to build upscale condominiums. They are considering plans on a small, medium, or large development and balancing possible future demand as low, moderate and high. Profits have been estimated and are summarized in a payoff table. Low High Moderate Demand Demand Demand Small 7 7 12 8 12 Medium 4 Large 11 17 Which table describes the opportunity loss for this situation? Act Opportunity Loss (Smillions) High Demand Low Moderate Demand Demand Small 5 Medium 3 5 Large 3 Act Opportunity Loss (Smillions) High Demand Low Moderate Demand Demand Small 5 Medium 3 3 Large 10 Opportunity Loss (Smillions) High Demand Act Low Moderate Demand Demand Small 7 Medium 3 1 2 Large 2 7 Opportunity Loss (Smillions) High Demand Act Low Moderate Demand Demand Small Medium 2 Lorgo 21
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter9: Decision Making Under Uncertainty
Section9.4: The Precision Tree Add-in
Problem 9P
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