The hurwiz method, Mathematics

Assignment Help:

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

 


Related Discussions:- The hurwiz method

How much money did carlie have after she had paid her friend, Carlie receiv...

Carlie received x dollars every hour she spent babysitting. She babysat a total of h hours. She then gave half of the money to a friend who had stopped through to help her. How muc

Ratio and proportion, find the ratio of each of the following in simplest f...

find the ratio of each of the following in simplest form 1] 9 months to 7 by 4

Probability, an insurance salesman sells policies to 5 men, all of identica...

an insurance salesman sells policies to 5 men, all of identical age in good health. the probability that a man of this particular age will be alive 20 years hence is 2/3.Find the p

Algebra 1A, The m&m factory produces 2,500 packs of plain m&ms each day. R...

The m&m factory produces 2,500 packs of plain m&ms each day. Represent the total number of packs of plain m&ms the factory makes each day

Solve 3 + 2 ln ( x /7+3 ) = -4 logarithm, Solve 3 + 2 ln ( x /7+3 ) = -4 . ...

Solve 3 + 2 ln ( x /7+3 ) = -4 . Solution This initial step in this problem is to get the logarithm by itself on one side of the equation  along with a coefficient of 1.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd