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The Hurwiz method
Hurwiz method was the concept of coefficient of optimism or pessimism introduced by L. Hurwicz. The decision maker takes into account both the minimum and maximum pay off for every alternative and assigns them weights according to his degree of optimism or pessimism. The alternative that maximizes the sum of these weighted payoffs is then chosen
Determine whether the following numbers are odd or even: Examples: Determine whether the following numbers are odd or even: 364, 1068, & 257. Solution: 1.
how do you find the length of a parallel line connecting two external circles of different sizes from the outside, given the value of both radius and one parallel line.
HOW MATHEMATICAL IDEAS GROW : In this section we shall consider three aspects of the nature of mathematical ideas, namely, that they progress from concrete to abstract, from part
The production costs per week for generating x widgets is given by, C ( x ) = 500 + 350 x - 0.09 x 2 , 0 ≤ x ≤ 1000 Answer following questions. (a) What is the c
how to create an activity of tower of hanoi
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A non-empty set or group of which all the sets under concern are subsets is known as the universal set. In any part of application of set theory, all the sets under concern might l
A garden shop wishes to prepare a supply of special fertilizer at a minimal cost by mixing two fertilizers, A and B. The mixture is to contain at least 45 units of phosphate at lea
what is into function?
what does 1000/q in the ATC equation represent economically?
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