ABC company wants to open one, two, or three shops. The average Profit varies with the demand in three categories low, medium and high. Determine which one is better using Maximax, Maximin, Laplace, Minimax regret. Demand Number of Shops 1 2 3 Low 150 175 200 Medium 100 200 200 High 0 170 400
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ABC company wants to open one, two, or three shops. The average Profit varies with the demand in three categories low, medium and high. Determine which one is better using Maximax, Maximin, Laplace, Minimax regret.
Demand |
Number of Shops |
||
1 |
2 |
3 |
|
Low |
150 |
175 |
200 |
Medium |
100 |
200 |
200 |
High |
0 |
170 |
400 |
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