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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
Explain some Examples of linear in - Equation, with solution.
Demonstrate that Dijkstra's algorithm does not necessarily work if some of the costs are negative by finding a digraph with negative costs (but no negative cost dicircuits) for whi
Find the derivatives of each of the following functions, and their points of maximization or minimization if possible. a. TC = 1500 - 100 Q + 2Q 2 b. ATC = 1500/Q - 100 +
prove root 2 as irrational number
Explain the Common Forms of Linear Equations ? An equation whose graph is a line is called a linear equation. Here are listed some special forms of linear equations. Why should
A bag contains 5 red balls and some blue balls. If the probability of drawing a blue ball is double that of a red ball , determine the number of blue balls in the bag.
Two trains leave two different cities 1,029 miles apart and head directly toward every other on parallel tracks. If one train is traveling at 45 miles per hour and the other at 53
I don''t know how to do the next step like if I had 73 divided by 9 wouldn''t 7 go into nine 1 time then you have to do something else but that is the part I don''t understand
An $80.00 coat is marked down 20%. It does not sell, so the shop owner marks it down an additional 15%. What is the new price of the coat? Find out 20 percent of the original p
Question 1 An experiment succeeds twice as often as it fails. Find the chance that in the next six trials there will be at least four successes Question 2 An insurance compan
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