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  3. Study Set
    OM 5
  4. Exam
    Exam 19: Appendix: Decision Analysis
  5. Question
    Describe How the Following Criteria Are Applied to a Decision
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Describe How the Following Criteria Are Applied to a Decision

Question 1

Question 1

Essay

Describe how the following criteria are applied to a decision problem in which the payoff is cost.
a.Minimin
b.Minimax
c.Minimax regret

Correct Answer:

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