View of an optimistic decision maker

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Reference no: EM1378342

Question: The table demonstrate both prospective profits and losses for a company, depending on what decision is made and what state of nature happens. Use the information to determine what the company should do.

s1 s2 s3
d1 30 80 -30
d2 100 30 -40
d3 -80 -10 120
d4 20 20 20

a. if an optimistic strategy is used.
b. if a conservative strategy is used.
c. if minimax regret is the strategy.

Reference no: EM1378342

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