Comments

  1. avatar says

    with the maximin and maximax our focus was on profit outcomes based on contract size but with minimax regret our focus did shift to profit outcomes based on normal demand.
    Why the shift?

    • Profile photo of John Moffat says

      Listen to the lecture very carefully.
      The reason is that on this approach we are looking (in the regret table) at how much we would ‘lose’ by having made the wrong decision. This depends on what the normal demand turns out to be.

  2. avatar says

    clear indeed where a deaf can even hear and a blind can see.thanks to opentuition.may you keep on doing the good job.but wat happen to part c and the other section.hop u will add it.with u guys im confident on my exams

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