Question # 9 of 15 ( Start time: 12:57:50 AM ) Total Marks: 1
Which one of the following is an outcome of Maximin criterion?
Select correct option:
The best of the worst possible payoff
The best possible payoff
The best average payoff
The least of the worst regrets
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-- Which one of the following is an outcome of Maximin criterion?
Select correct option:
The best of the worst possible payoff
The best possible payoff
The best average payoff
The least of the worst regrets
REFERENCE:
Maximin determines the worst payoff for each alternative; the operations manager chooses the best worst alternative. Meaning the least (best) of the worst.
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