The operations manager for a local bus company wants to deci…
The operations manager for a local bus company wants to decide whether he should purchase a small, medium, or large new bus for his company. He estimates that the annual profits (in $000) will vary depending upon whether passenger demand is low, medium, or high, as follows: Bus DEMAND LOW MEDIUM HIGH Small 50 60 70 Medium 40 80 90 Large 20 50 120 If he uses the maximin criterion, which size bus will he decide to purchase?
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