7.2 Maxmin The maximin rule involves selecting the alternative that maximises the minimum pay-off achievable.
This approach would be appropriate for a pessimist who: seeks to achieve the best results if the worst happens
Illustration 11 – Applying maximin
Apply the maximin rule to the example in the A/B/C case above:
§ Identify the minimum pay-off achievable for A, B and C
A: worst case scenario = gain of 20外语学习网
B: worst case scenario = loss of 10
C: worst case scenario = gain of 10
§ Determine which product would ensure the maximum pay-off if the worst result were to happen in each case.
The pessimist would thus chose product A.
发表于 2012-2-23 17:09:42
