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ME-II Civil - Hydraulic Structures: Submit This Assignment On Tuesday 15, June 21 For Grading
ME-II Civil - Hydraulic Structures: Submit This Assignment On Tuesday 15, June 21 For Grading
ME-II Civil - Hydraulic Structures: Submit This Assignment On Tuesday 15, June 21 For Grading
ASSIGNMENT : 4
4 A farmer wants to decide which of the three crops he should plant on his 100 acre
farm. The profit from each crop depends on the rainfall during the growing season.
The farmer has categorized the amount of rainfall as High , Medium and Low. The
following cost matrix shows the conditional profit from each crop.
If farmer wishes to plant only one crop, decide which should be his best crop using,
(i) Maximin criteria
(ii) Minimax regret criteria
(iii) Expected value criteria if probabilities of occurrence of High, Medium
and Low rainfall are 0.30 ,0.50 , and 0.20 respectively.