The hurwiz method, Mathematics

The Hurwiz method

Hurwiz method was the concept of coefficient of optimism or pessimism introduced by L. Hurwicz. The decision maker takes into account both the minimum and maximum pay off for every alternative and assigns them weights according to his degree of optimism or pessimism. The alternative that maximizes the sum of these weighted payoffs is then chosen

 

Posted Date: 2/19/2013 2:46:48 AM | Location : United States







Related Discussions:- The hurwiz method, Assignment Help, Ask Question on The hurwiz method, Get Answer, Expert's Help, The hurwiz method Discussions

Write discussion on The hurwiz method
Your posts are moderated
Related Questions
There are m months in a year, w weeks within a month and d days in a week. How many days are there in a year? In this problem, multiply d and w to obtain the total days in one

what does the three mean in the power ?

Suppose a  regular polygon , which is an N-sided with equal side lengths S and similar angles at each corner. There is an  inscribed circle  to the polygon that has center C and ba

Consider the unary relational symbols P and L, and the binary relational symbol On, where P(a) and I(a) encode that a is a point and a (straight) line in the 2-dimensional space, r

How to Make Equations of Conics Easier to Read ? If you want to graph a conic sections, first you need to make the equation easy to read. For example, say you have the equatio

Definition : A function f ( x ) is called differentiable at x = a if f ′ ( x ) exists & f ( x ) is called differentiable onto an interval if the derivative present for each of the

Now we take up combinations and its related concepts. Combinations are defined as each of the groups or selections which can be made by taking some or all of the

suppose you a business owner and selling cloth. the following represents the number of items sold and the cost for each item. use matrix operation to determine the total revenue ov

a) Let n = (abc) 7 . Prove that n ≡ a + b + c (mod 6). b) Use congruences to show that 4|3 2n   - 1 for all integers n ≥ 0.

Scatter Graphs - A scatter graph is a graph that comprises of points which have been plotted but are not joined through line segments - The pattern of the points will defin