Decision-making Conditions
Helen is the manager for TrucksRUs, a medium-sized hauling service located in Victoria.She is responsible for scheduling trucks, initiating new routes and staffing both existing and new routes.She is currently struggling with existing information about the profitability of existing and future truck routes.
-Refer to Decision-making Conditions (Scenario).Helen knows that she is operating in an uncertain environment.She is basically a pessimist and we would, therefore, expect her to follow a ________ strategy.
A)certainty
B)risk
C)minimax
D)maximax
E)maximin

Question

Quizplus · Accepted Answer

Given Helen's pessimistic outlook and the uncertain environment she is operating in, the maximin strategy is the most appropriate. This strategy focuses on maximizing the minimum payoff achievable, which aligns with a pessimistic approach by ensuring the least negative outcome is as good as possible.

Decision-Making Conditions Helen Is the Manager for TrucksRUs, a Medium-Sized Hauling Service