Should otelo llc put in a project proposal for the baker, Operation Management

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Should otelo llc put in a project proposal for the baker

Should OTELO LLC. put in a project proposal for the Baker Street development? What kind of proposal should they put in? Can you make and evaluation based on the payoff table below using the maximax, maximin, and minimax regret criteria?

Decision Win Contract Lose Contract

Business proposal $1,650,000 -$18,500

Mixed proposal $1,455,000 -$16,400

Residential proposal $1,340,000 -$2,000

No proposal $0 $0

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Operation Management: Should otelo llc put in a project proposal for the baker

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