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QUESTION
The most popular method used in decision making is an application of the Criterion of Realism (Hurwicz), that is to choose the alternative with the...
The most popular method used in decision making is an application of the Criterion of Realism (Hurwicz), that is to choose the alternative with the highest expected monetary value (EMV). If you will use Excel or QM instead, then how would you apply this decision rule using the software?
