[#2] Decision Under Uncertainty | Minimax Regret criterion | Hurwicz criterion | by kauserwise

This is the video about decision theory under uncertainty in Operations research.
In this second part of the video contains, the below criterion with solved problem.
MiniMax Regret criterion or Savage criterion
(Maximization problems)
(Minimization Problem)
Hurwicz criterion or criterion of Realism or weighted average criterion

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[sanjanamimi]

Each and every time your videos help me immensely. I do not know what would I do if your videos were not here to help me out. From having no clue at all to solving each problem first in the entire class is what your videos has done to me. You are a great teacher. Thanks for the videos. Thanks a lott.

[abdihakimhajji]

Wow! Wonderfully explained. Every time I watch your vedios and they have helped me a lot madam. I am looking forward to see you upload the two remaining parts that are, decision under certainty and risk. Thank you very much. You've helped me a lot as well as all students across the world. Thank you madam. I regard you as the best teacher I ever listened to. Nice lecturer, clearly explained, perfect handwriting and clear voice. Thanks again.

[karthikonathara]

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[shrutikapanwar]

Mam, please upload decision under risk also.

[simranbabbar]

Great, so well explained that it was so easy to understand in the first attempt. Thankyou so much ma'am!!! ❤️

[الطيرالحر-خخ]

Thanks a lot. Although am not into this kind of subjects, i always try to learn and discover new stuff...your way for explaining is neat, straight to the point and attractive. Kudos.

[anumaddela]

Tq so much madam ...u r way of teaching is so nice ...my faculty dose not teaches like u mam...tq once again

[dharanikethineni]

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[kainattalvi]

Too good videos. Looking forward for the decision making undee risk and decision tree as well

[soul_tuner_]

Superrb Mam...Thank you so much....Each and every line was clearly and understandable mam

[bas]

Very beautiful explanation. Thank you very much madam

[sandeshkedari]

Aree mam aapka knowledge toh kamal ka hai 🔥

[arjunbanik]

Can we say something regarding, using which criterion is better for taking a decision under uncertainty? The video content is quite good and well explained.

[digambarbk]

All videos are very good and easily understanding with good example Thanks 🙏

[zainudeenrawther]

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[nikunjbheda]

Really awesome teaching by you mam...🙏🙏

[NevinMathew]

Thanks a ton ma’am! This helped alot to prepare for operations exam MBA!🙂

[niladribasu]

Thanks Mam for the video. You are an excellent teacher. 🙏🙏

[jasmeetsingh]

I don't think question like this will come in paper it will be in complex form. I understand how to do but don't know which condition will apply where.