On Sat, May 5, 2012 at 6:50 AM, iηησcεηt ₣αiяy <im.fairy786@gmail.com> wrote:
Given the table:
Alternatives
Small facility Medium facilit Large facility
Possible future demand
Low (Rs.)
High (Rs.)
10,000
8,000
12,000
20,000
18,000
15,000
Which one of the following is the correct payoff under MAXIMIN approach?
►Rs. 8,000
►Rs. 12,000
►Rs. 18,000
►Rs. 20,000
Solution:
Take lowest column and then take max value from that column
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Innocent Fairy
Innocent Fairy
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