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MAXIMAX method
Maximax method is based upon 'extreme optimism' the decision maker chooses that particular strategy which corresponds to the maximum of the maximum pay off for every strategy
Illustration
By using the above illustration:
Max. profits row maxima
Product A
+8
Product B
+12
Product C
+16
Ranking by using the MAXIMAX method = CBA
Let's recall how do to do this with a rapid number example. 5/6 - 3/4 In this case we required a common denominator & reme
Consider the function f(x) = 2x 2 + 1. Find the equation of the tangent to the graph of f(x) at x = 2. [NOTE: when calculating f'(2), use first principles.
Define Euler Circuit and Euler Path. Which of the following graphs have an Euler circuit and Euler path.
What is 124 out of 300 in percent ?
Tangents with Parametric Equations In this part we want to find out the tangent lines to the parametric equations given by X= f (t) Y = g (t) To do this let's first r
Find out the greater of two consecutive positive odd integers whose product is 143. Let x = the lesser odd integer and let x + 2 = the greater odd integer. Because product is a
Definition of inverse functions : Given two one-to-one functions f ( x ) and g ( x ) if ( f o g ) ( x ) = x AND ( g o f ) ( x ) = x then we say that f ( x ) & g ( x ) are i
A particular algebra text has a total of 1382 pages which is broken up into two parts. the second part of book has 64 more pages than first part. How many pages are in each part of
Gm signal is better than am signal becuase
Solve the subsequent IVP Y'' - 9 y = 0, y(0) = 2, y'(0) = -1 Solution First, the two functions y (t ) = e 3t and y(t ) = e -3t That is "nice enough" for us to
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