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Minimax Regret Decision Analysis by vinilima9 is a document available to read on EtoBox.

What is Minimax Regret Decision Analysis about?

The document discusses using different decision making strategies - maximax, maximin, La Place, and minimax-regret - to determine the optimal daily supply given a daily demand and supply table. For each strategy, the calculation is shown and the optimal daily supply is identified as either 40, 50, 60, or 70 based on the highest payoff.

Author

vinilima9

Language

EN