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P: 3-28 Even though independent been having difficult gasoline stations have been thinking time. Susan about Solomon starting her own has gasoline station_ indepen...

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P: 3-28 Even though independent been having difficult gasoline stations have been thinking time. Susan about Solomon starting her own has gasoline station_ independent {arget her station sosala' problem is to decide how should be_ The depend on both the size of annual returns will marketing factors her station and number related to the oil demand for gasoline. After industry and developed the a careful analysis, following Susan table:uTchaeeva) keerImicals and Jotographic t that Bril- pres

p: 3-28 Even though independent been having difficult gasoline stations have been thinking time. Susan about Solomon starting her own has gasoline station_ independent {arget her station sosala' problem is to decide how should be_ The depend on both the size of annual returns will marketing factors her station and number related to the oil demand for gasoline. After industry and developed the a careful analysis, following Susan table: uT chae eva) keer Imicals and Jotographic t that Bril- president 12, that John ny photo- shelf life; ek; John S56, he Ie end of selling cases; GOOD SIZE OF FAIR POOR MARKET FIRST STATION MARKET MARKET Q:3-30 Re Small 50,000 20,000 -10.000 3C Prc Medium 80.000 thi 30,000 20.000 CO 0 on Large 100,000 30,000 -40,00O /00,60 WO Very large 300.000 25,000 -160,000 goc,60 los :3-31 Th For example, if Susan constructs small station and the market is good, she will realize profit of S50,000. M Develop a decision table for this decision: What is the maximax decision? What is the maximin decision? slc What is the equally likely decision? What is the criterion of realism decision? Use an de value of 0.8 Develop an opportunity loss table: What is the minimax regret decision? em. In- ities in on? gredi- to be ecom- rer of 32,00

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