Choosing the alternative that is the "best of the worst" using decision making under uncertainty would be:
A) maximin.
B) maximax.
C) Laplace.
D) minimax regret.
A
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It costs $10 to make a single unit using regular production and $15 to make a single unit using overtime production. Total overtime production is limited to 1000 units for the five month period
The manufacturing plant has a regular production capacity of 250 units per month and 225 units in inventory at the start of the planning period. There is a $5 per unit charge for holding inventory at the end of each month and a limit of 600 units ending inventory for any period. What is the minimum cost production plan if the forecast must be met? Month Forecast January 250 February 200 March 300 April 400 May 500 A) $15,850 B) $16,150 C) $16,500 D) $16,800
A cash balance held in reserve for unforeseen fluctuations in cash flows is called a _____ balance.?
A. ?transactions B. ?compensating C. ?precautionary D. ?speculative E. ?lockbox
Which of the following would be considered a fixed cost in a manufacturing setting?
A) direct labor B) sales commissions C) direct materials D) depreciation
Which of the following chapters under federal bankruptcy laws is the liquidation chapter?
A) ?7 B) ?11 C) ?13 D) All of the above provide for liquidation.