This objective test question contains a question type which will only appear in a computer-based exam, but this question provides valuable practice for all students whichever version of the exam they are taking. Shuffles is attempting to decide which size of fork-lift truck to buy to use in its warehouses. There are three grades of truck, the
A、series,
B、series and the
C、series. The uncertainty faced is the expected growth in the on-line market it serves, which could grow at 15%, 30% or even 40% in the next period. Shuffles has correctly produced the following decision table and has calculated the average daily contribution gained from each combination of truck and growth assumption. Which truck would the pessimistic buyer purchase? Enter only the letter:
A、series,
B、series and the
C、series. The uncertainty faced is the expected growth in the on-line market it serves, which could grow at 15%, 30% or even 40% in the next period. Shuffles has correctly produced the following decision table and has calculated the average daily contribution gained from each combination of truck and growth assumption. Which truck would the pessimistic buyer purchase? Enter only the letter:
【参考答案及解析】
A pessimistic buyer would seek to achieve the best results if the worst happens. He would adopt the maximin approach, which involves selecting the alternative that maximises the minimum payoff achievable. The minimum payoffs for each truck are as follows: Truck A – Minimum $1,400 Truck B – Minimum $1,800 Truck C – Minimum $3,600 Therefore, the ‘C’ series truck would be chosen.
A pessimistic buyer would seek to achieve the best results if the worst happens. He would adopt the maximin approach, which involves selecting the alternative that maximises the minimum payoff achievable. The minimum payoffs for each truck are as follows: Truck A – Minimum $1,400 Truck B – Minimum $1,800 Truck C – Minimum $3,600 Therefore, the ‘C’ series truck would be chosen.