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Cyco Cyco
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6 years ago
A plant manager considers the operational cost per hour of five machine alternatives. The cost per hour is sensitive to three potential weather conditions: cold, mild, and warm. The following table represents the operations cost per hour for each alternative-state of nature combination:



Using the optimistic criterion, which alternative is best?
A) Machine 1
B) Machine 2
C) Machine 3
D) Machine 4
E) Machine 5
Textbook 
Quantitative Analysis for Management

Quantitative Analysis for Management


Edition: 12th
Authors:
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