For a maximization problem,the optimistic approach is often referred to as the
A)minimax approach.
B)maximin approach.
C)maximax approach.
D)minimin approach.

Question

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The maximax approach is the optimistic approach for a maximization problem, where the decision maker selects the alternative that has the highest possible payoff or outcome. The minimax approach is the pessimistic approach, where the decision maker selects the alternative that has the lowest possible maximum payoff or outcome. The maximin approach is where the decision maker selects the alternative that has the highest possible minimum payoff or outcome. The minimin approach is where the decision maker selects the alternative that has the lowest possible minimum payoff or outcome.

For a Maximization Problem,the Optimistic Approach Is Often Referred to as the