Maximax Notes: Definitions & Explanations PDF | Download eBooks
Study Maximax lecture notes PDF with supply chain management definitions and explanation to study “What is Maximax?”. Study maximax explanation with SCM terms to review supply chain management course for online MBA programs.
Maximax Definition:
A criterion that finds an alternative that maximizes the maximum outcome.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Maximax Notes:
The maximax guideline includes choosing the elective that boosts the greatest result accessible. This methodology would be reasonable for a confident person, or 'hazard chasing' speculator, who looks to accomplish the best outcomes if the best occurs. The chief who utilizes the maximax measure is accepting that whatever move is made, the best will occur; he/she is a daring person. Number cruncher enables you to utilize the Maximax standard (otherwise called hopeful model) to settle on a choice under vulnerability.
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