State of Nature

Decision AlS1 S2 S3 S4
d1 14 9 10 5
d2 11 10 8 7
d3 9 10 10 11
d4 8 10 11 13
profit payoff method

Decision making through optimistic approach

State of Nature
Decision AlS1 S2 S3 S4 Max payoff
d1 14 9 10 5 14
d2 11 10 8 7 11
d3 9 10 10 11 11
d4 8 10 11 13 13

Decision making through conservative approach

State of Nature
Decision AlS1 S2 S3 S4 Min payoff
d1 14 9 10 5 5
d2 11 10 8 7 7
d3 9 10 10 11 9
d4 8 10 11 13 8

Decision making through minimax regret approach

State of Nature
Decision AlS1 S2 S3 S4 Max regret
d1 0 1 1 8 8
d2 3 0 3 6 6
d3 5 0 1 2 5
d4 6 0 0 0 6

maximum of 14 10 11 13
 State of Nature
Decision AlS1 S2 S3 S4
d1 14 9 10 5
d2 11 10 8 7
d3 9 10 10 11
d4 8 10 11 13

cost payoff method

Decision making through optimistic approach

State of Nature
Decision AlS1 S2 S3 S4 Min payoff
d1 14 9 10 5 5
d2 11 10 8 7 7
d3 9 10 10 11 9
d4 8 10 11 13 8

Decision making through conservative approach

State of Nature
Decision AlS1 S2 S3 S4 Max payoff
d1 14 9 10 5 14
d2 11 10 8 7 11
d3 9 10 10 11 11
d4 8 10 11 13 13

Decision making through minimax regret approach

State of Nature
Decision AlS1 S2 S3 S4 minimax payoff
d1 -6 0 -2 0 -6
d2 -3 -1 0 -2 -3
d3 -1 -1 -2 -6 -6
d4 0 -1 -3 -8 -8
minimum 8 9 8 5