A simple desicion-making model with maximalization criteria is given. State 1 State 2 State 3 State 4 Alternative1 20 30 10 15 Alternative2 30 10 40 20 Alternative3 15 15 20 15 p 0,4 0,3 0,2 0,1 Based on Maximax criterion we select Select one: the second alternative with profit 40 the first alternative with profit 30 the third alternative with profit 20
A simple desicion-making model with maximalization criteria is given. State 1 State 2 State 3 State 4 Alternative1 20 30 10 15 Alternative2 30 10 40 20 Alternative3 15 15 20 15 p 0,4 0,3 0,2 0,1 Based on Maximax criterion we select Select one: the second alternative with profit 40 the first alternative with profit 30 the third alternative with profit 20
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter9: Decision Making Under Uncertainty
Section9.4: The Precision Tree Add-in
Problem 9P
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A simple desicion-making model with maximalization criteria is given.
State 1 |
State 2 |
State 3 |
State 4 |
|
Alternative1 |
20 |
30 |
10 |
15 |
Alternative2 |
30 |
10 |
40 |
20 |
Alternative3 |
15 |
15 |
20 |
15 |
p |
0,4 |
0,3 |
0,2 |
0,1 |
Based on Maximax criterion we select
Select one:
the second alternative with profit 40
the first alternative with profit 30
the third alternative with profit 20
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