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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
The sides of a triangle are x^(2 )+x+1, 2x+1,x^2-1, prove that the largest angle is 120 degrees, and find range of x. Ans) The biggest side is x^(2) + x + 1 so findout the angl
(x+y+1)dy/dx=1
a. Estimate the following model, C t = β 0 + β 1 * DI t + ε t Where C t = Aggregate Consumption Expenditure in Australia, quarterly data for the per
2 over 11 + 2 over 33
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Cos(x+y)+sin(x+y)=dy/dx(solve this differential equation)
Divides a given line-segment externally in the ratio of 1:2 Construction: i )Draw BX making an actueangle at B. ii) Starting from B, mark 2 equal points on BX as shown in the f
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HOW TO FIND THE HEIGHT OF A CYLINDER I NEED IT FOR ASSIGNMENT TO BE SUBMITTED BY 8;00 AM
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