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
I need to come up with a PR plan for a fictitious women''s softball team. How much would something like that cost?
1,5,14,30,55 find the next three numbers and the rule
a) Let V = f1, 2, :::, 7g and define R on V by xRy iff x - y is a multiple of 3. You should know by now that R is an equivalence relation on V . Suppose that this is so. Explain t
The sum of two consecutive even integers is the number 126. What are the integers? Two consecutive even integers are numbers in sequence, such as 4 and 6 or -30 and -32, that a
3/5 of the soda purchased at the football game was cola. What percentage of the soda purchased was cola? Change the fraction to a decimal through dividing the numerator through
rules for intergers
Taxable income Tax rate 0 - $18,200 0% $18,201- $37,000 19% $37,001 - $80,000 32.5% $80,001- $180,000 37% $180,001 and over 45% if this is graphed as a step fuction graph whats t
Jackie invested money in two different accounts, one of that earned 12% interest per year and another that earned 15% interest per year. The amount invested at 15% was 100 more tha
#
explain the basics of permutation
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