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HOMEWORK 1. pizza pie power (PK) and Zorba the Greek (ZG) are two competing restaurants. They apiece must simultaneously determine whether to start out small, medium or large advertising campaigns. PK believes that it is equally likely that ZG will undertake a small, medium, or large advertising campaign. Given the actions elect by PK and ZG, PKs profits are shown in the table. For the maximin, maximax and the minimax sorrow criteria, determine PKs choice of advertising campaign. Zorba the Greek chooses |Pizza King chooses |Small |Medium | wide-ranging |Minimum | supreme | |Small |6000 |5000 |2000 |2000 |6000 | |Medium |5000 |6000 | super acid |1000 |6000 | |Large |9000 |6000 |0 |0 |9000 | From the maximin criterion, choose strategy Small and from maximax choose Large.

The regret matrix is as follows: Zorba the Greek chooses |Pizza King chooses |Small |Medium |Large |Maximum | |Small |3000 |1000 |2000 |3000 | |Medium |4000 |0 |1000 |4000 | |Large |0 |0 |2000 |2000 | From Minimax regret, choose Large. 2. Aditya is trying to determine which of two courses to take. If he takes the Operations... If you want to get a full essay, order it on our website: Ordercustompaper.com

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