using the maximax method, which decision alternative will you chose? a) sell company b) form joint venture c) sell software on own

Respuesta :

Using the maximax method, sell company  decision alternative will you chose.

Option A is correct.

What is the maximax method?

A maximax strategy is a game theory strategy in which players, faced with uncertainty, make decisions that result in the "best of the best" outcomes.

How would you describe the decision criteria for maxi-max?

The maximax standard is an optimistic approach. This suggests that decision makers should look at the maximum gains of the alternatives and choose the one that gives the best results. This criterion appeals to adventurous decision makers who are attracted to high payouts.

What is the maximax standard for quantitative methods?

A maxi-max is a criterion used by decision makers to select the action that allows the maximum payout. If the paytable contains losses instead of wins, the biggest decision maker chooses the action that allows for the smallest losses.

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