03-17-2009, 11:23 AM
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#1
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Member
Join Date: Apr 2008
Location: Caribbean, West Indies
Studying:
P3
P4
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Posts: 66
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Study group - Decision making
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Explain the principles behind the maximax, maximin and expected value criteria that are sometimes used tomake decisions in uncertain situations.
Describe THREE methods other than those mentioned above, which businesses can use to analyse and assess the risk that exists in its decision-making.
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