Why are the maximax and maximin strategies considered to be optimistic and pessimistic, respectively?

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Operations management

ISBN: 978-0132163927

10th edition

Authors: Jay Heizer, Barry Render

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Question Posted: Jan 09, 2014 07:18 AM

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Why are the maximax and maximin strategies considered to be optimistic and pessimistic, respectively?

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Maximax considers only the best outcomes while maximin con...View the full answer

Operations management

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