01 March 2020

ACCA PM Chapter 10 - RISK AND UNCERTAINTY

First, construct a matrix/table.


Maximin - Risk Avoider



Maximax - Risk Seeker


Minimax Regret - Risk Avoider



Expected values - Risk Neutral

Limitation:

  • Accuracy of probabilities.
  • Only valid for repeated occurrences.


Perfect Knowledge

Decision Trees


Source: https://opentuition.com/acca/pm/acca-performance-management-pm-lectures/

No comments:

Post a Comment

Open Source Information Gathering using Windows Command Line Utilities

 How to Find the Maximum Frame Size Packet needs to be fragmented but DF set, means that the frame is too large to be on the network and ne...