Course Solutions Uncategorized (Answered) : Three Means Transportation Considered Delivering Food Medicine Possible Disaster Sites Hai Q30737752

(Answered) : Three Means Transportation Considered Delivering Food Medicine Possible Disaster Sites Hai Q30737752

Three means of transportation are considered for delivering foodand medicine to possible disaster sites in Haiti, Spain and Utah.Given the following payoff matrix,

Means of delivering food and medicine

Utility if a disaster occurs in

Haiti

Spain

Utah

Short-haul aircraft

100

40

30

Long-haul aircraft

70

80

20

Truck

0

0

110

1. Identify the X, Y and Z space, where X is the set ofalternatives, Y is the set of outcomes and Z is the preferencestructure. (20%)

2. Which is the best transport means according the
(a) max-min criterion and
(b) max-max criterion?
Please show all your calculations, where the calculations areperformed by hand. (20%)

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