Question: Advance Production Operation Management Derermining the worst payoff for each alternative and choosing the alternative with the best worst is the approach called: a .

Advance Production Operation Management
Derermining the worst payoff for each alternative and choosing the alternative with the "best worst" is the approach called:
a. minimax regret
b. minimin
c. maximin
d. maximax
e. Laplace
Advance Production Operation Management Derermining the worst payoff for each alternative

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