Problem #1 - Capacity Management at Niue Vanilla Niue Vanilla has had two successive years in which the Vanilla bean harvest has firm's capacity within their drying sheds. Pita, the manger for the drying operation must now make a decision on capacity for next year. Estimated profits under each of the two possible states of nature are as shown in the table below, along with 3 possible alternatives he is considering: Do Nothing, Expand the Drying Shed operation, or Subcontract to a local farmer group who can do some of the drying. \begin{tabular}{l|ll} \cline { 2 - 4 } & Trorit in stnousanas & Do: \\ & Which alternative should be selected if the decision \\ criterion is: & a. Maximax? & \\ & b. Maximin? \\ & c. Laplace Criterion? & \\ d. Minimax Regret?