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A maximax strategy will always choose the act or alternative that Multiple Choice minimizes the maximum regret or opportunity loss maximizes the expected monetary value
A maximax strategy will always choose the act or alternative that Multiple Choice minimizes the maximum regret or opportunity loss maximizes the expected monetary value maximizes the potential payoff
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Operations Management Sustainability and Supply Chain Management
Authors: Jay Heizer, Barry Render, Chuck Munson
12th edition
978-0134163512, 134163516, 134130421, 978-0134130422
