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CIMAPRO19-P01-1 Exam - Topic 8 Question 125 Discussion

A manager is deciding which one of four services to provide next period.The contribution earned by each service will depend on the weather conditions as follows.Using the maximin criterion, which service will the manager provide?
D) Service S
A) Service P
B) Service Q
C) Service R

CIMAPRO19-P01-1 Exam - Topic 8 Question 125 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam
Question #: 125
Topic #: 8
[All CIMAPRO19-P01-1 Questions]

A manager is deciding which one of four services to provide next period.

The contribution earned by each service will depend on the weather conditions as follows.

Using the maximin criterion, which service will the manager provide?

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Suggested Answer: D

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Brinda
10 hours ago
Exactly, maximin is about minimizing risk.
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Jani
6 days ago
I feel like R covers all weather conditions well.
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Gail
11 days ago
True, but R is still better overall.
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Yolande
16 days ago
Q has a decent minimum too.
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Adelina
21 days ago
But what about Service Q?
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Gail
26 days ago
I agree, R seems safest.
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Brinda
1 month ago
It has the highest minimum contribution.
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Yolande
1 month ago
Why R?
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Brinda
1 month ago
I think Service R is the best choice.
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Cheryl
2 months ago
I think Service S might surprise us if conditions are right.
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Andree
2 months ago
Service Q could be a dark horse, though.
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Yoko
2 months ago
Wait, are we sure about the weather impact?
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Latia
2 months ago
Totally agree, maximin favors R!
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Aleta
2 months ago
Service R has the best worst-case scenario.
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Ulysses
2 months ago
I feel like Service Q might be the best option based on the worst-case contributions, but I need to verify that against the others.
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Bo
4 months ago
If I recall correctly, we should look for the highest minimum contribution among the services. I just hope I remember how to find those values correctly.
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Lai
4 months ago
I think we practiced a similar question where we had to evaluate options based on minimum outcomes. I’ll need to double-check my calculations.
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Candida
4 months ago
I remember the maximin criterion focuses on the worst-case scenario, but I’m not sure how to apply it here.
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