In using the criterion of realism (Hurwicz criterion), the coefficient of realism (a) a. is the probability
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In using the criterion of realism (Hurwicz criterion), the coefficient of realism (a)
a. is the probability of a good state of nature.
b. describes the degree of optimism of the decision maker.
c. describes the degree of pessimism of the decision maker.
d. is usually less than zero.
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Related Book For 
Quantitative Analysis For Management
ISBN: 213168
12th Edition
Authors: Barry Render ,Ralph M. Stair ,Michael E. Hanna
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