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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
#a invests Rs 15000IN COMPANY PAYING 10%WHEN Rs100 SHARE IS SOLD AT A PREMIUM OF Rs 20 after a yearASOLD SHARES AT Rs80 EACHAND INVESTEDPROCEEDS IN Rs75SHARES SELLING AT Rs 100 WZI
how to solve for x
Utilizes the definition of the limit to prove the given limit. Solution In this case both L & a are zero. So, let ε 0 so that the following will be true. |x 2 - 0|
Laura is planning her wedding. She expects 230 people to attend the wedding, but she has been told that around 5% typically don't show. About how many people should she expect not
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In the view below of the robot type of Cartesian Coordinates, is not the "Z" and "Y" coordinates reversed? http://www.expertsmind.com/topic/robot-types/cartesian-coordinates-91038
buyer behaviour
A drug has a decay rate of k = - ¼ ln(¾) / hr. How soon after an initial dose of 1600 mg will the drug reach its minimum therapeutic value of 900 mg in the body?
A boy standing in the middle of a field, observes a flying bird in the north at an angle of elevation fo 30 degree. and after 2 min, he observes the same bird in the south at an an
John has a choice of using one of two parking garages when he visits downtown: Option1: $8 an hour for the first two hours, then $2 and hour for each hour more than 2; or Op
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