Given The Following Conditional Value Table, Determine The Appropriate Decision Under Uncertainty Using:
Given the following conditional value table, determine the appropriate decision under uncertainty using:
a) Maximax
b) Maximin
c) Equally likely.
Question 1
Solve the following LP minimization problem graphically:
Minimize cost=24X+15Y
Subject to:
7X+11Y ≥77
16X+4Y ≥80
X and Y ≥0
