Project #2443 - Quantatative Decision Making- Decision Analysis Assignment- Taylor (Intro Mgmnt Scienc

Fully describe a decision that must be made. The decision can be fictional, from a current event, from your personal life, or work related. The decision must have at least three alternatives and at least two states of nature. Frame the decision in terms of the Decision Analysis techniques in Chapter 12. Prepare a graphic depiction of the decision, a Payoff Table and a Regret Table.  Analyze the decision based on the Maximax, Minimax, Minimax Regret, and Equal Likelihood models. Discuss the process, philosophy and results of each of the models. Select the model that best suits your approach to the problem. Justify your selection. Paper APA style

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Due By (Pacific Time) 02/19/2013 06:00 pm
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