The Alternatives 1 and 2 in the Following Payoff Table

question 43

Multiple Choice

The alternatives 1 and 2 in the following payoff table represent the two possible manufacturing strategies that the EKA manufacturing company can adopt.The level of demand affects the success of both strategies.The states of nature (S_i) represent the levels of demand for the company products.S₁,S₂ and S₃ characterize high,medium,and low demand respectively.The payoff values are in thousands of dollars. The best alternative (course of action) for the EKA manufacturing company using the maximin criterion is strategy __ and the best possible payoff is _____.

• A)1,$50,000
• B)2,$120,000
• C)1,$100,000
• D)2,$70,000
• E)2,$80,000

---

Definitions:

Slack Adjuster Stroke

The slack adjuster stroke is the distance a brake adjuster travels to apply the brake shoes against a drum or rotor, crucial for effective braking action.

Air Dryer Desiccant Cartridge

A replaceable component of an air dryer system that removes moisture from compressed air using desiccant materials.

Service Life

The period during which an object or equipment is expected to perform effectively and reliably before it needs to be replaced.

Compressor Inlet Restriction

A condition where the airflow into a compressor is impeded, leading to reduced performance and potential damage.