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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
A lotus is 2m above the water in a pond. Due to wind the lotus slides on the side and only the stem completely submerges in the water at a distance of 10m from the original positio
Max goes to the gym every fourth day. Ellen's exercise routine is to go every third day. Today is Monday and both Max and Ellen are at the gym. What will the day of the week be the
mulply # fraction
on april 26, jonh dough wrote a check#374 to Miller Pharmacy for $16.00 , is this a deposit or withdrawal
Simplify the Boolean function: F (w,x,y,z) = ∑ (0, 1, 2, 3, 4, 6, 8, 9, 12, 13, 14) (8) Ans: f(w, x, y, z) = ∑(0, 1, 2, 3, 4, 6, 8, 9, 12, 13, 14) The above
who discovered unitary meathod
matlab code for transportation problem solved by vogel''s approximation method
Nora works at a laboratory as a chemist . she was told to prepare 100L of 25% alcohol solution. she has on hand of a 15% percent alcohol solution and a 40% alcohol solution which s
Tied Rankings A slight adjustment to the formula is made if several students tie and have the similar ranking the adjustment is: (t 3 - t)/12 Whereas t = number of tied
A company is considering whether to enter a very competitive market. In case company decided to enter in market this must either install a new forging process or pay overtime wages
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