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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
"Standard" trig equation: Now we need to move into a distinct type of trig equation. All of the trig equations solved to this point were, in some way, more or less the "standard"
An insurance company/organization takes a keen interest in the age at which a person is insured. Thus a survey conducted on prospective clients indicated that for clients having th
a painting is 20 cm wider than its height. its area is 2400 centimeter squared. find its lenght and width
#questionShow that the system oscillates in simple harmonic motion demonstrated by; , for which the general solution where X = (x – x0)..
In this case we will require deriving a new formula for variation of parameters for systems. The derivation now will be much simpler than the when we first noticed variation of pa
Aim: To test the significant relationship between the accounting ratios of operating management and standard ideal ratios. Null Hypothesis(H 0 ) : There is no significa
Simplify the following expression and state the coefficient of each variables (a)6m-4-2m+15 (b)4x+6y-3x+5y
sin
Find the area of shaded region of circle of radius =7cm, if ∠AOB=70 o , ∠COD=50 o and ∠EOF=60 o . (Ans:77cm 2 ) Ans: Ar( Sector AOB + Sector COD + Sector OEF) = 7
INTRODUCTION : When a Class 5 child was given the problem 'If I paid Rs. 60 for 30 pencil boxes, how much did b pencil box cost?', he said it would be 60 x 30 = 1800. This
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