limitations of dss
delphi approach
A decision theoretic approach is an approach to determine how decisions are made given unknown variables and an uncertain decision environment framework. It is applied to many areas such as auctions, game theories, and marketing.
One pro of the classical decision-making model is its logical and structured approach, helping to ensure thorough consideration of options. However, a con is its assumption of perfect information and rationality, which may not always reflect real-world complexities and limitations in decision-making.
what is the limitation of social system approach
what is a decision tree???
file base system
It takes out the personal angle in decision making.
There are a number of contributions and limitations which are associated with analysis for business decision making. The contributions will look at the main factors of production and the returns on investment. The limitations are seen in the assumption that such factors remain constant.?æ
could u send me the answers for the merits of the decision tables
The conservative approach
Decision trees help managers visualize how their choices will play out within the organization. Using a decision tree, management can assess multiple options at once.