Busıness Decısıon Models Deneme Sınavı Sorusu #1367063

A decision maker who has to decide under uncertainty in a decision problem he faces thinks all events are equally likely. Which of the following methods should the decision maker use?


Criterion of Pessimism

Minimax Regret

Criterion of Realism

Criterion of Optimism

Equally Likely


Yanıt Açıklaması:

The Equally Likely Method indicates that all events occur equally likely if the probability of occurrence of events is unknown. Therefore, calculation is made considering that the event’s possibility occur equally. The final decision is made according to the objective (maximum or minimum) of the problem.

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