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BOPSAT is decision-making by a B unch of P eople S itting A round T alking, which is a management practice of using sometimes inexperienced committee members to make important decisions. 1 Even though there may be considerable preparation ...
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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 ...
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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...
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Compensatory decisions are rational decisions. In compensatory decisions, poor performance of alternatives with respect to some objectives can be overcome with excellent performance with respect to other objectives. For instance, a plane ticket th...
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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...
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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...
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Last Updated: 10/25/2021
in Allocate Portfolio Assessment The Efficient Frontier results make it easy to compare several scenarios and see the effects of lower or higher budgets. Click to display results: You can select the scenarios to display by using the Scenarios drop-down: When there is mo...
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Last Updated: 10/27/2021
in Reports Expert Choice Comparion allows Project Owners to filter reports on the Ad-Hoc Reports section of the Reports page. The ability to exclude various results allows you to view the impact that specific users, objectives, alternatives, and judgments sub...
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Pairwise comparisons are entered on a page as shown in the figure below, by clicking on or between words that express your judgment about the relative importance or preference or likelihoods (see Pairwise Comparisons Contexts) of the two elements sh...
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You can manage the Time Periods in Allocate > TIME PERIODS SETTINGS . Below is a sample of a scenario with Time Periods. Time Periods allows you to have one or more sets of alternatives that will span one or more periods. You can specify Ti...