Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Decision making under uncertainty
Various methods are used to make decision in circumstances whereas only the pay offs are identified and the likelihood of every state of nature are identified
a) Maximin Method
This criterion is based upon the "conservative approach' to suppose that the worst possible is going to occur. The decision maker considers every strategy and locates the minimum pay off for each and then selects that alternative that maximizes the minimum payoff
Demonstration
Rank the products A, B and C applying the Maximin rule b using the given payoff table showing potential losses and profits which are expected to arise from launching these three products in three market situation
Pay off table in £ 000's
Boom condition
Steady state
Recession
Mini profits row minima
Product A
+8
1
-10
Product B
-2
+6
+12
Product C
+16
0
-26
In above table
Ranking the MAXIMIN rule = BAC
outdoor grill- regular price:$360 discount:33 1/3%
3.6 in a fraction
what should added to the sum of (-26) and 31 to make it equal to the sum of (-35) and (-11) question #Minimum 100 words accepted#
Submit solutions for all of the following questions. Remember to set out your answers showing all steps completely and explicitly justify your steps. 1. Provide, in no more than
give me the derivation of external division of sectional formula using vectors
Cardioids and Limacons These can be split up into the following three cases. 1. Cardioids: r = a + a cos θ and r = a + a sin θ. These encompass a graph that is vaguel
One method of calculating the height of an object is to place a mirror on the ground and then position yourself so that the top of the object will be seen in the mirror. How high i
Question: Solve the initial value problem 2x'' +x'-x =27 Cos2t +6 Sin 2t, x(0)=2 , x'(0)= -2 by using Laplace transform method.
how can i study for the math state test
convert 5000ml to liters
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd