Decision Making Under Uncertainty and Risk
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This case study was compiled from generalized experience of the authors, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
making under uncertainty and risk. This case is meant for MBA/MS students as a part of the Quantitative Methods/Research methods/Operation research curriculum.
» Understand the issues and challenges of rational decision making.
Quantitative Methods, Operation Research, Research Methods, Rational decision making, Decision making under certainty, Decision making under uncertainty, Decision under risk, Decision tree, Payoffs, Calculation of expected monetary values
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