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Unit No.3.
DECISION SCIENCE
Presented By:
Dr. V. M. Tidake
Ph. D (Financial Management), MBA(FM), MBA(HRM) BE(Chem)
Professor & Head Dept. of MBA
1
Sanjivani College of Engineering, Kopargaon
Department of MBA
www.sanjivanimba.org.in
www.sanjivanimba.org.in
302-DECISION SCIENCE
Unit No.3. Decision Theory
3.5 Decision Making
Under Uncertainty
Presented By:
Dr. V. M. Tidake
Ph. D (Financial Management), MBA(FM), MBA(HRM) BE(Chem)
Professor & Head Dept. of MBA
2
Sanjivani College of Engineering, Kopargaon
Department of MBA
www.sanjivanimba.org.in
www.sanjivanimba.org.in
DECISION THEORY
 At the End of the Session Student will be able to
understand-
A. Decision Making Under Uncertainty
www.sanjivanimba.org.in
Decision Making Under Uncertainty
• Maximin (Gain) or Minimax (Loss) Criterion.
• Maximax (Gain) or Minmin (Loss) Criterion.
• Hurwicz Alpha Criterion
• Laplace Criterion
• Minimax Regret Criterion
www.sanjivanimba.org.in
EXERCISE
 State and Explain various Decision Theories under
Uncertainty.
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For More Details Contact
Dr. V M Tidake
tidkevishal@gmail.com
tidkevishalmba@sanjivani.org.in
www.sanjivanimba.org.in
Thank You

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