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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
how to solve the equation of an inverse function
Ipswich has two ambulances. Ambulance 1 is based at the local college and ambulance 2 is based downtown. If a request for an ambulance comes from the local college, the college-bas
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The points A,B,C and D represent the numbers Z1,Z2,Z3 and Z4.ABCD is rhombus;AC=2BD.if Z2=2+i ,Z4=1-2i,find Z1 and Z3 Ans) POI of diagonals: (3-i)/2. Using concept of rotation:
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Method to solve Simultaneous Equations with two or more than two variables Method Above we have seen equations wherein we are required to find the value of the
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