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Author Question: This regret matrix gives potential dollar values in thousands for strategies S1, S2, S3, and S4 for ... (Read 81 times)

serike

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on: Jul 6, 2018
This regret matrix gives potential dollar values in thousands for strategies S1, S2, S3, and S4 for Al's Fish Fry and competitive strategies CA1, CA2, and CA3 for Sal's Fish Bake.
 
  If Al wants to minimize his maximum regret, which strategy should he choose?
 
   CA1 CA2 CA3
  S1 3 15 9
  S2 12 10 12
  S3 8 9 17
  S4 13 16 3
 
  A) S4
  B) S3
  C) S2
  D) S1

Question 2

This regret matrix gives potential dollar values in thousands for strategies S1, S2, S3, and S4 for Al's Fish Fry and competitive strategies CA1, CA2, and CA3 for Sal's Fish Bake. If Al chooses S3, what kind of strategy is he using?
 
  CA1 CA2 CA3
  S1 3 15 9
  S2 12 10 12
  S3 8 9 17
  S4 13 16 3
 
  A) minimax
  B) maximin
  C) maximax
  D) minimin
Fundamentals of Management: Essential Concepts and Applications ¦ Robbins, Coulter, De Cenzo ¦ 10th Edition
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efwsefaw

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Reply #1 on: Jul 6, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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serike

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Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

raili21

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

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