The Maximax criterion results in the

• maximum of the maximum payoffs.
• compromise between the maximum and minimum payoff.
• minimum expected value.
• maximum of the minimum payoffs.
• maximum regret.
• None of the above.

The Expected Value of Perfect Information is

• the minimum amount a decision maker would pay for additional information.
• the average amount a decision maker would pay for additional information.
• the maximum amount a decision maker would pay for additional information.
• the probable amount a decision maker would pay for additional information.
• the usual amount a decision maker would pay for additional information.
• None of the above.
• The optimal point in a linear programming model always occurs
• outside the feasible solution area.
• inside the boundary of the feasible solution area.
• at an extreme (corner) point on the boundary of the feasible solution area.
• None of the above.

Slack value denotes

• the amount of unused resource in a constraint.
• an alternate optimal value.
• the change in objective function value for one-unit increase in a constraint's value.
• None of the above.