EBK OM
EBK OM
6th Edition
ISBN: 9781305888210
Author: Collier
Publisher: YUZU
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Chapter 4, Problem 12PA
Summary Introduction

Interpretation:The appropriate decision needs to be made on the basis of optimistic and conservative approach.

Concept Introduction: Major approaches used for decision making are maximax (optimistic) and minimax (conservative) if the decision probabilities are not given.

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Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY