Decision Table with Conditional Values for Happy Company: Product Market Condition and Payoff (RM) Favourable Stable Unfavourable 8,000 5,000 7,000 6,000 3,000 -5,000 -1,200 -1,000 A 6,000 Do Nothing Probability 0.4 0.3 0.3 Opportunity loss table for Happy Company.: MARKET CONDITION AND PAYOFF (RM) MAXIMUM IN A ROW (RM) 5,000 PRODUCT FAVOURABLE STABLE UNFAVOURABLE A 5,000 3,000 3,000 1,200 3,000 1,000 1,000 1,000 Do Nothing Probability 8,000 6,000 8,000 0.4 0.3 0.3 Based on the above data answer the following questions: (a) Construct the expected opportunity loss table for Happy Sdn. Bhd. (b) State the best decision (value and product) under EOL method.
Decision Table with Conditional Values for Happy Company: Product Market Condition and Payoff (RM) Favourable Stable Unfavourable 8,000 5,000 7,000 6,000 3,000 -5,000 -1,200 -1,000 A 6,000 Do Nothing Probability 0.4 0.3 0.3 Opportunity loss table for Happy Company.: MARKET CONDITION AND PAYOFF (RM) MAXIMUM IN A ROW (RM) 5,000 PRODUCT FAVOURABLE STABLE UNFAVOURABLE A 5,000 3,000 3,000 1,200 3,000 1,000 1,000 1,000 Do Nothing Probability 8,000 6,000 8,000 0.4 0.3 0.3 Based on the above data answer the following questions: (a) Construct the expected opportunity loss table for Happy Sdn. Bhd. (b) State the best decision (value and product) under EOL method.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter9: Decision Making Under Uncertainty
Section: Chapter Questions
Problem 30P
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