In the Hurwicz equation, Hi = ? x (maximum payoff) + (1-?) x (minimum payoff); if we set ? = 1, then the equation reduces to ______.
a. maximin criterion
b. maximax criterion
c. Laplace criterion
d. minimax regret criterion
b. maximax criterion
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When writing for the ear, all of the following rules apply EXCEPT:
A) forget jargon. B) use short sentences. C) use 50-cent words. D) use contractions.
Car Bar allows its customer to rent a car at $10 per day on weekdays, at $15 per day on weekends, and at $20 per day exclusively during the holiday season. This pricing strategy helps the company match the supply and demand for its cars
This is an example of _____. a. operations-oriented pricing b. revenue-oriented pricing c. patronage-oriented pricing d. quality-oriented pricing
Ontario's Employment Equity Act (enacted by the NDP government but subsequently repealed by the Conservative government) required employers to hire so that their workforce reflected visible minority groups proportionately
This legislation did not contravene the Charter because: A) it did not violate any right protected under the Charter B) the Charter did not apply to it because it was a provincial law C) it violated a protected right, but was saved by a specific Charter exemption. D) it violated a protected right, but was saved by section 33 (the notwithstanding clause). E) The Charter did not apply because it applied to private corporations
Which of the following is NOT a step in supply chain forecasting for a company in the consumer products industry?
a. Determine the purpose of the forecast. b. Collect non-historical data. c. Adjust the baseline forecast for marketing promotions. d. Share the forecast information with suppliers and downstream customers.