Decision analysis can be used to develop optimal strategy

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Reference no: EM131276052

"Decision Analysis can be used to develop an optimal strategy when a decision maker is faced with several decision alternatives and an uncertain or risk-filled pattern of future events."

Please use a personal example or a business problem from the real world to illustrate how Decision Analysis might be used. Explain what the company or organization does, explain the problem to be dealt with, identify the decision alternatives, and explain how you would go about deciding what the best alternative might be. Please do not be concerned about detailed numbers and other data, but just speak in general terms.

Reference no: EM131276052

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