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Decision making
Essay specific features
Written by:
Steve V
Date added:
July 30, 2015
Level:
University
Grade:
A
No of pages / words:
4 / 1032
Was viewed:
2109 times
Rating of current essay:
Essay content:
Without a little uncertainty, life is boring.
All decision models are either "absolute" or "relative". In an absolute model, there
is some formula that specifies the relationship between variables. It is the manager's job
to specify the values of the variables and be able to interpret the output of the formula...
displayed 300 characters
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Someone has already figured out the gist of the problem and told
you how to find the answer. Unless the inputs are particularly hard to determine, this can
get to be very dull very quickly. But the underlying assumption here is that the relationship
between the variables is simple enough to be specified...
displayed 300 characters
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