Which of the Following Methods for Decision Making Best Protects

question 52

Multiple Choice

Which of the following methods for decision making best protects the decision maker from undesirable results?

• A)the optimistic approach
• B)the conservative approach
• C)minimum regret
• D)minimax regret

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Definitions:

Assembly Line

A production method where components are sequentially assembled to efficiently produce a completed item.

Assembly Line Balancing

The process of optimizing the allocation of tasks among workers or machines in an assembly line to minimize production time and avoid idle time.

Workstations

Specific work areas designed for completing particular tasks within a manufacturing process or office setting, often equipped with necessary tools and equipment.