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

Question

Quizplus · Accepted Answer

The optimistic approach in decision-making for a maximization problem is referred to as the "maximax" approach, where the decision-maker selects the alternative with the maximum possible payoff.

For a Maximization Problem, the Optimistic Approach Is Often Referred