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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
Eddie mkes $15.75 per hour. Estimate how much Eddie will make per year if he works 40 hours per week and 50 weeks per year.
in a rhomus ABCD the circum radii of triangles ABD and ACD are 12.5 cm and 25cm respetively then find the area of rhombus.
-x^3+6x-7
evaluate the expression and write the result in the form a + bi. I^37
Joey has 30 pages to read for history class tonight. He decided in which he would take a break while he finished reading 70% of the pages assigned. How many pages must he read befo
what does 1000/q in the ATC equation represent economically?
cosx
What is the probability of guessing five questions on a test correctly
1000 time 1000000
how to solve
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