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Management Studies

The net profit has been calculated for five investment opportunities under three possible futures. Which alternative should be selected under the most probable future criterion, expected value, LapLace, MAXIMAX and MAXIMIN

F1 (.3) F2 (.2) F3 (.5)

A1 80,000 80,000 360,000

A2 -180,000 140,000 570,000

A3 0 160,000 480,000

A4 90,000 280,000 180,000

A5 380,000 70,000 160,000

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91702960

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