Decision making
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Title: Decision making

Essay Details:

Subject: Miscellaneous
Author: Mary T
Date: August 10, 2015
Level: University
Grade: A
Length: 4 / 1032

Essay text:

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. While specifying the values of the inputs may not be an easy job, it does not classify as rocket science, either. 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...

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