Maximum term method

The Maximum Term Method is a systematic approach used in the field of operations research and optimization, particularly in the context of linear programming and decision-making processes. It aims to find the solution that maximizes the minimum gain (or, inversely, minimizes the maximum loss) across possible scenarios or outcomes. Here’s a brief overview of how it works: 1. **Decision Problems**: Relevant in scenarios where a decision-maker faces uncertainty about the outcomes resulting from actions taken.