This company is planning to enter smartwatch market. They have 3 alternatives to consider in...
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This company is planning to enter smartwatch market. They have 3 alternatives to consider in decision making under the uncertain environment. Their alternatives are "Don't invest", "Share the risk" with another company and "Do it Yourself". It is estimated that for each alternative, there are 3 possible states of nature as "Poorb pts.) B) Maximax approach (15 pts.) C) Maximin Approach (15 pts.) D) Minimax Regret Approach (15 pts.)
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