-
Last Updated: 09/14/2022
in Wikis Being a good leader requires more than just knowing the right way to do things. It also requires knowing how to choose the right things to do . Decision-making is arguably the most difficult, and the most essential, task a manager performs. Effect...
-
An "Insight Questionnaire" can be presented to evaluators at the beginning ( Pre-Survey ) of the input collection process, at the end ( Post-Survey ) of the input collection process, or both. Clicking Pre-Survey or Post-Survey will display a p...
-
Perhaps the most common "formal" approach to making a choice among alternatives is to list the pros and cons of each alternative. Certainly it would be wrong to calculate the net number of pros over cons for each alternative and then select the alt...
-
Last Updated: 02/01/2022
in Manage Models Deleted Models that are deleted are moved to the deleted tab and remain there until: (1) they are restored by pressing the Restore (undelete) option, (2) they are permanently deleted by pressing the Delete option, or (3) some period of time has ela...
-
A Sunk Cost is a cost that is incurred and can not be meaningfully recovered by any practical means. 1 For example, a business may have invested a million dollars in new hardware. This money is now gone and cannot be recovered, so it shouldn’t ...
-
Intuitive decision-making is described as the process by which information, acquired through associated learning and stored in long-term memory, is accessed unconsciously to form the basis of a judgment or decision. 1 Intuition is based on the i...
-
Loss aversion refers to the tendency to prefer avoiding a loss rather than acquiring an equivalent gain. This leads to risk aversion , which is when people prefer avoiding losses to making gains when they evaluate an outcome comprising similar ...
-
Overview Performance analysis is used to dynamically change the priorities of the objectives to determine how these changes affect the priorities of the alternative choices. Each performance sensitivity is composed of: The relative import...
-
Iteration is the act of repeating a process to generate a sequence of outcomes, with the aim of approaching a desired goal, target, or result. Each repetition of the process is also called an iteration . The results of one iteration are used as...
-
Last Updated: 10/25/2021
in Allocate Portfolio Assessment Scenario Comparisons lets you view several scenarios side by side, making it easy to compare the alternatives properties, objective priorities, and constraints side by side. You can select the scenarios to display using the Scenarios drop-down: ...