Respuesta :
According to decision analysis, When managers use absolute comparison, each decision criterion is compared to a standard or ranked on its own merits.
What is decision analysis?
- Decision analysis involves elements of psychology, management strategies, training, and economics and use a number of methods to examine all pertinent information to assist in the decision-making process.
- It is frequently used to evaluate choices that are made in light of several different factors and that have a wide range of potential outcomes or goals.
- When trying to decide on risk management, capital investments, or strategic business decisions, individuals or groups might employ the approach.
- Making strategic business decisions requires a methodical, quantitative, and visually appealing process known as decision analysis. Aspects of psychology, management strategies, and economics are all incorporated into decision analysis along with a range of other instruments.
Decision analysis can be used in risk, capital investments, and strategic business decisions, among other things.
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