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A manager needs to hire short-term employees to meet production demands. The manager would like to hire one of three possible short-term workers.



(a) Which alternative is most optimistic?
(b) Which alternative is most pessimistic?
(c) Using the Hurwicz criterion with a coefficient of realism, α = 0.70, what is the best alternative?
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Quantitative Analysis for Management

Quantitative Analysis for Management


Edition: 12th
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