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

Question

Quizplus · Accepted Answer

The maximax approach in decision-making chooses the best possible outcome based on the maximum gain or benefit it can bring, making it the optimistic approach for a maximization problem. The minimin approach is the pessimistic approach for a minimization problem, whereas the maximin approach is the pessimistic approach for a maximization problem. The minimax approach is used for minimizing the maximum possible loss.

For a Maximization Problem, the Optimistic Approach Often Is Referred