Determining the worst payoff for each alternative and choosing the alternative with the "best of the worst" is the approach called:

A) maximax
B) maximin
C) Laplace
D) minimax regret
E) expected monetary value

B

Business

You might also like to view...

Brands are never affiliated with categories in which they do not hold membership

Indicate whether the statement is true or false

Business

In a short essay, compare the advantages of using direct exporting and indirect exporting

What will be an ideal response?

Business