Which route will fred select

Assignment Help Project Management

Reference no: EM131409929

When Fred takes the direct route to work, he gets there in 20 minutes if no train is at the railroad crossing. When a train is using the crossing, his travel time is 15 minutes longer. His alternative is a route that takes 30 minutes to travel, but has no traffic signals or other delays.

Assuming that shorter transit times are more desirable, which route will Fred select if he uses the maximin criterion? The maximax criterion? The minimax regret criterion?

Reference no: EM131409929

Questions Cloud

Improvement methodologies and standards : Some of the more common quality and improvement methodologies and standards include Lean, Six Sigma, total quality management (TQM), and ISO 9000. For this assignment, compare and contrast these concepts by highlighting some of these concepts:

How would company managers and investors use the wacc : What role does the WACC play for company managers when they are evaluating new projects to undertake? How would company managers and investors use the WACC for an overall company valuation analysis?

Whether the behavior represents the maximin criterion : For each of the following, indicate whether the behavior represents the maximin criterion or the maximax criterion. Explain your reasoning.

Analyze the supply chain from both product and service : Perform an analysis of the supply chain and changing eco-system in an effort to develop a lean value chain that fosters innovation and growth. You are expected to provide value to customers while addressing change management challenges in terms of..

Which route will fred select : Assuming that shorter transit times are more desirable, which route will Fred select if he uses the maximin criterion? The maximax criterion? The minimax regret criterion?

What will collectors decision if she uses maximin criterion : What will be the collector's decision if she uses the maximin criterion? The maximax criterion? The minimax regret criterion?

How does the financial forecast relate to the strategic goal : When forecasting the financial statements, what are the main steps to take? How does the financial forecast relate to the strategic goals of the company?

Topic-the prime minister report on closing the gap : Topic: The Prime Minister's report (2016) on 'Closing the Gap' states that 'the target to halve the gap in child mortality by 2018 is on track'.

Developing an aon network : First, sequence the activities by developing an AON network with Post it Notes or on paper. Each activity is to be assigned to just one person.

User Account

All Pages