What are some criticisms of the Hurwicz and the Laplace criteria?

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Operations Management Managing Global Supply Chains

ISBN: 978-1506302935

1st edition

Authors: Ray R. Venkataraman, Jeffrey K. Pinto

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Question Posted: Dec 05, 2018 09:29 AM

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What are some criticisms of the Hurwicz and the Laplace criteria?

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if there are more than two states of nature then the Hurwicz criterion will omit ...View the full answer

Operations Management Managing Global Supply Chains

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