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Event

Alternative Does not fit Fits acceptably Fits successfully Fits well
Technology1 780 810 818 860
Technology2 880 820 855 820
Technology3 830 875 878 900
Technology4 630 872 812 910

Laplace
Alternative Does not fit Fits acceptably Fits successfully Fits well VM
Technology1 780 810 818 860 817
Technology2 880 820 855 820 843.75
Technology3 830 875 878 900 870.75
Technology4 630 872 812 910 806
max 870.75

As it is a benefit matrix, the laplace criterion is chosen as the technology 4

Criterion of Wald or pessimist


Alternative Does not fit Fits acceptably Fits successfully Fits well Min
Technology1 780 810 818 860 780
Technology2 880 820 855 820 820
Technology3 830 875 878 900 830
Technology4 630 872 812 910 630
Max 830

Wald's criterion is pessimistic Technology 5 = 830

Optimistic criterion
Alternative Does not fit Fits acceptably Fits successfully Fits well MAX
Technology1 780 810 818 860 860
Technology2 880 820 855 820 880
Technology3 830 875 878 900 900
Technology4 630 872 812 910 910
Max 910

Optimistic criterion 910


Hurwicz criterion
Alternative Does not fit Fits acceptably Fits successfully Fits well MAX
Technology1 780 810 818 860 860
Technology2 880 820 855 820 880
Technology3 830 875 878 900 900
Technology4 630 872 812 910 910

optimistic coefficient 0.7

pessimistic coefficient 0.3

According to Method of Hurwicz, we must choose the alternative technology 4 with an expected cost of 1031,9

Savage
Alternative Does not fit Fits acceptably Fits successfully Fits well
Technology1 780 810 818 860
Technology2 880 820 855 820
Technology3 830 875 878 900
Technology4 630 872 812 910
MAX 880 875 878 910

Savage
VM
Alternative Does not fit Fits acceptably Fits successfully Fits well
Technology1 100 65 60 50 100
Technology2 0 55 23 90 90
Technology3 50 0 0 10 50
Technology4 250 3 66 0 250
MIN VM
780 836
820 862
830 879
630 826

with an expected cost of 1031,9