Pyramid of Decision Approaches - PowerPoint PPT Presentation


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The Pyramid. Value analysisImportance weightingRulesIntuition. Intuition. Advantages:Quick and EasyDisadvantages:Inconsistency and DistortionUsed when:Short time to make decisionKey aspects of the problem cannot be quantified. Rules. Advantages:Quick way to approximate the optimal responseArticulated and applied consistentlyDisadvantages:Does not allow flexibilityMay miss some good alternatives.

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