Re: ::: vuaskari.com ::: Re: MGT613 MCQ Help

Please answer this one too

Question # 7 of 15 ( Start time: 12:56:23 AM ) Total Marks: 1 
Which one of the following is NOT used for decision making under uncertainty? 
Select correct option: 

Maximax
Mmaximin 
Mminimax regret 
EMV criterion

REFERENCE:

•In the absence of clear information, An Operations Manager would need to carryout decision making 

under uncertainty. This is the usual  pattern when managers working at assembly plants,  services,  oil 

refineries or chemical processing plant end up facing a dilemma to evaluate the alternative of payoffs..

1. Maximin

2. Maximax

3. Minimax Regret

4. Laplace 

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