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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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Yoko
9 hours ago
Wait, are we sure about the weather impact?
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Latia
6 days ago
Totally agree, maximin favors R!
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Aleta
11 days ago
Service R has the best worst-case scenario.
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Ulysses
16 days 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
2 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
2 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
2 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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