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
given dimensions: 130cm, 180cm, and 190cm is to be divided by a line bisecting the longest side shown from its opposite vertex. what''s the area adjacent to 180cm? ;
to difine trigonometric ratios of an angle,is it necessary that the initial ray of the angle must be positive x-axis?
Exercise 12c question number 24
Find the present value of an ordinary annuity which has payments of 2300 per year for 15 years at 6% compounded annually
How many relations are possible from a set A of 'm' elements to another set B of 'n' elements? Ans: A relation R from a set A to other set B is specified as any subset of A
writing sin 3 a.cos 3 a = sin 3 a.cos 2 a.cosa = sin 3 a.(1-sin 2 a).cosa put sin a as then cos a da = dt integral(t 3 (1-t 2 ).dt = integral of t 3 - t 5 dt = t 4 /4-t 6 /6
Hello there I have question about convergence of pth root of square matrix? Do you have any expert in numerical analysis ?
my daughter is having trouble with math she cant understand why please help us
/100*4500/12
Caterer determines that 87% of people who sampled the food thought it was delicious. A random sample of 144 out of population of 5000 taken. The 144 are asked to sample the food. I
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