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Pay-offs towards a decision

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Select one of the decision criteria (slide 3-11 in the PowerPoint presentation) assuming hypothetical values for the pay-offs towards a decision.

Can you try for one of your examples? What is the criteria that will maximize the maximum payoff for every alternative?

Please provide reference

Attachment:- Decision Analysis.rar

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This paper discusses about decision making under quantitative analysis. It involves discussion on maximax criterion between two alternatives .its prepared using microsoft word.

Reference no: EM132239267

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