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Question 7 (9 marks) In a Salary Negotiation process, a staff would like to get as much increment as possible. His basic
Posted: Mon May 30, 2022 6:08 pm
by answerhappygod
- Question 7 9 Marks In A Salary Negotiation Process A Staff Would Like To Get As Much Increment As Possible His Basic 1 (74.28 KiB) Viewed 17 times
Question 7 (9 marks) In a Salary Negotiation process, a staff would like to get as much increment as possible. His basic salary is HK$20,000 now. He does not know if his supervisor is "Like", "Neutral", or "Dislike" him. At the same time, he has 3 strategies "Aggressive", "Market price", "Conservative". The following table summarizes the information: Like Neutral Dislike Aggressive 30,000 23,000 0 Market Price 23,000 22,000 18,000 Conservative 21,000 21,000 21,000 Which strategy should he make under each of the following criteria? a) Maxmin payoff criterion [2] b) Savage minimax regret criterion [3] c) Maximum Expected Payoff [2] d) Hurwicz Criterion with a = 0.4. [2]