The Maximin approach is the pessimistic one which takes into account: Select one: O Only the best possible outcome for each alternative O The average of the possible outcomes for each alternative O All the possible outcome for all alternative. O Only the worst possible outcome for each alternative

The Maximin approach is the pessimistic one which takes into account: Select one: O Only the best possible outcome for each alternative O The average of the possible outcomes for each alternative O All the possible outcome for all alternative. O Only the worst possible outcome for each alternative

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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The Maximin approach is the pessimistic one which takes into account:
Select one:
O Only the best possible outcome for each alternative
O The average of the possible outcomes for each alternative
O All the possible outcome for all alternative.
O Only the worst possible outcome for each alternative

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