Discuss why management may use the maximin rule

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Reference no: EM133695708

Assignment:

Your chief executive officer (CEO) at Walmart has asked you to present the company's process on making decisions under risks and uncertainty at the annual shareholders' meeting. The presentation on the process on making decisions under risks and uncertainty will cover the following points:

Explain decisions that Walmart has made under certainty using primary and secondary data.
Explain any risky and uncertain decisions that the company plans to address in the next fiscal year.
Discuss how risks can be measured.
Explain the rules that can help managers make decisions under uncertainty.
Explain the expected utility.
Discuss why management may use the maximin rule.

Reference no: EM133695708

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