Minimax

[pic] Department of Management Class of BUS 564 Advanced Decision Making Final Exam 1- A local real estate investor in Orlando is considering three alternative investments: a motel, a restaurant, or a theater. Profits from the motel or restaurant will be affected by the availability of gasoline and the number of tourists; profits from the theater will be relatively stable under any conditions. The following payoff table shows the profit or loss that could result from each investment: |

Homework Assignment 1 Decision Analysis Questions 1-6 refer to the following A family business is considering making an investment in its manufacturing operation. Three decisions are under consideration: (1) a large investment; (2) a medium investment; and (3) a small investment. The business believes that there are three possible future outcomes for its product: (1) increasing demand; (2) stable demand; and (3) decreasing demand. The following payoff table describes the decision situation

PART A – Linear Programming 1 a) Linear Programing Model Decision Variables: Let x = acres of watermelon Let y = acres of cantaloupe Objective Function: Maximize Z = 390x + 1300y – 5(20x + 15y) + 5(2x + 2.5y) = 270x + 300y – 100x + 75y + 10x + 12.5y = 256x + 284.5y where Z = total profit 390x = profit from watermelons 1300y = profit from cantaloupe 5(20x + 15y) = cost of fertilizer

Ever since you were a child you have unknowingly used game theory. When your parents gave you the option to choose a candy bar, your brain started thinking of all the possibilities that depended on which candy you chose. You would think which one would taste better, make your feel better, and maybe be healthier for you. In the end, you would narrow your choices down to one piece of candy and eat it happily. Game theory is the use of theory to think through all of the positive and negative possibilities

Selection of Suitable Evaluation Function Based on Win Parameter in Othello Priyanka srivastava Smita rani prajapati Umlesh yadav Kankan das pri1991s@gmail.com smitaranipnb@gmail.com umleshyadav2012@gmail.com shan.das34@gmail.com Department of Department of

Decision-Making Models Negotiations and decisions are a part of everyday business. In order to make a successful decision, it is necessary to understand how to make rational and sound decisions. Decisions that are rash, made on snap judgments, and past experiences can prove detrimental to a business. A deficit in basic thinking and decision making is felt at all levels of an organization (Gary, 1997). Decisions can have long term and short term impacts on organizations and their world in which

int MIN = -1; const int DRAWE = 0; const int MAXIMUM_SQRS = 9; //------------------------------------------------------------------- // Alpha Beta Pruning turned on bool alpha_beta_on = false; //compare the results of using alpha beta pruning and minimax static int counter = 0; //assign each column, row and diagnal values inline bool LC(short x) { return (x & 0x49) == 0x49; } inline bool MCL(short x) { return (x & 0x92) == 0x92; } inline bool RC(short x) { return (x & 0x124) == 0x124;

D.) minimax strategy/ pg.617: Richard Berk’s term for the efforts people make to minimize their costs and maximize their rewards. The film Food Inc. illustrates the minimax strategy perfectly in terms of what it is and how it applies to everyday life. The minimax strategy is where people or a business/corporation make efforts to minimize their costs and maximize their rewards. This term is presented throughout Food Inc. in many different ways. The first major way in which we see the minimax strategy

Existing research in the field of GGP Since previous valuable research about the same topic of general game player is comparatively rare, this section will focus more on a similar field: Center for Analysis and Design of Intelligent Agents (CADIA) player. By analyzing this similar field, the research could get a better understanding and some reference functions. Therefore, the research of the general game player could be benefit. CADIA player had won General Game Playing competition hosted by the

Probabilities Key words: decision making criteria 16) The maximin criterion maximizes the minimum regret. Answer: FALSE Diff: 1 Page Ref: 531 Main Heading: Decision Making without Probabilities Key words: maximin criterion 17) The minimax criterion minimizes the maximum payoff.