expected opportunity loss or eol methodeol method
Expected opportunity loss or EOL method
EOL method is aimed at minimizing the expected opportunity loss or OEL. The decision maker chooses the strategy along with the minimum expected opportunity loss
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maximax methodmaximax method is based upon extreme optimism the decision maker chooses that particular strategy which corresponds to the maximum of
minimax regret methodminimax method assumes that the decision maker will experience regret after he has made the decision and the events have
munsami was driving his car registration number cb 713 from nausori to wards suva he was travelling at 80kmph on 50kmph zone at koronivia a taxi
the expected monetary value methodthe expected pay off as profit associated with a described combination of act and event is acquired by multiplying
expected opportunity loss or eol methodeol method is aimed at minimizing the expected opportunity loss or oel the decision maker chooses the strategy
the hurwiz methodhurwiz method was the concept of coefficient of optimism or pessimism introduced by l hurwicz the decision maker takes into account
the laplace methodlaplace method employs all the information by assigning equal probabilities to the possible payoffs for every action and then
1 allocation of indirect cost radiology department in long island jewish hospital incurred 1267000 of total indirect cost in five
attached information shows construction details of a water tank the slab was poured in one pour and the walls incl baffles were poured in two even
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