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Author Question: Which of the following would a manager who wants to minimize her maximum regret choose? A) the ... (Read 805 times)

brutforce

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Which of the following would a manager who wants to minimize her maximum regret choose?
 
  A) the smallest maximum regret value
  B) the smallest minimum regret value
  C) the smallest difference maximum regret value and the minimum regret value
  D) the greatest difference maximum regret value and the minimum regret value

Question 2

This payoff matrix gives potential dollar gain values in thousands for strategies S1, S2, S3, and S4 for Sam's Pizza and competitive strategies CA1, CA2, and CA3 for Pam's Pizza. What is the maximum regret value for S2?
 
  CA1 CA2 CA3
  S1 13 14 7
  S2 7 17 12
  S3 31 29 4
  S4 20 12 21
 
  A) 24
  B) 15
  C) 5
  D) 0


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meryzewe

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brutforce

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Reply 2 on: Jul 6, 2018
Excellent


ktidd

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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