Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Decision making under uncertainty
Various methods are used to make decision in circumstances whereas only the pay offs are identified and the likelihood of every state of nature are identified
a) Maximin Method
This criterion is based upon the "conservative approach' to suppose that the worst possible is going to occur. The decision maker considers every strategy and locates the minimum pay off for each and then selects that alternative that maximizes the minimum payoff
Demonstration
Rank the products A, B and C applying the Maximin rule b using the given payoff table showing potential losses and profits which are expected to arise from launching these three products in three market situation
Pay off table in £ 000's
Boom condition
Steady state
Recession
Mini profits row minima
Product A
+8
1
-10
Product B
-2
+6
+12
Product C
+16
0
-26
In above table
Ranking the MAXIMIN rule = BAC
cauchy integral theorem
If Gretta's bicycle has a 25-inch radius wheel, how far will she travel in two turns of the wheel? (π = 3.14) a. 491 in b. 78.5 in c. 100 in d. 157 in d. To determin
A Cleaning solution has 40% vinegar. Find the amount of vinegar in 32 ounces of the solution>
A local pizza shop sells large pies for $7 each. If the cost of the order is proportional to the number of pizzas would they charge a delivery charge per pizza or per order ?
-3+4 #Minimum 100 words accepted#
consumer behaviour in my feild of studies accounting ..
#question.Explain its nature and how it influences the integrated marketing communications mix and distinguish between tactical and strategic use of integrated marketing communicat
One of the simplest physical situations to imagine of is a falling object. Thus let's consider a falling object along with mass m and derive a differential equation as, when resolv
Marginal Probability Probability of event A happening, denoted by P(A), is called single probability, marginal or unconditional probability. Marginal or Uncondi
can you help me with entrance exam for university ? i really need help so quick
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd