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 (SI)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. 
Determine the best alternative (course of action)for the EKA manufacturing company using the maximin criterion.
Definitions:
Price
The amount of money expected, required, or given in payment for something.
Interest Rate Swap
A financial derivative that involves the exchange of interest rate cash flows between two parties based on a specified principal amount.
Fixed Rate
A constant interest rate for a loan or mortgage that remains unchanged for the entire term of the loan or for a set period.
Variable Rate
An interest rate that changes periodically over the lifetime of the loan based on an underlying benchmark or index.
Q2: Language helps create social reality,beginning with the
Q3: In global perspective,how does poverty combine with
Q8: Describe the various stages of the human
Q14: A professional organization is attempting to
Q45: A student is trying to decide if
Q48: Consider the following set of quarterly
Q48: A tire manufacturer needs to make a
Q57: A foreman wants to use an <img
Q78: Five years ago,the average starting salary
Q87: If a control chart is used correctly