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Example of Decision Making Under Uncertainty

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Need help answering the following questions:

1. What is an example of decision making under uncertainty?
2. What do you do if your research results don't answer your research question?

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Solution Summary

350+ words give an example of how a decision can be made harder by having uncertain variables and what to do when research doesn't answer your questions.

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1. Suppose that I am a division manager in a computer hardware company in San Diego and have to showcase new printers to our potential clients coming from South Korea. I suddenly realize that the new JI 2000 series printer which is to be showcased has developed a technical snag and that we order to order a couple of new ones from our manufacturing unit on the east coast overnight. The vice president who is to authorize this order is not contactable and it is already past office hours on the east coast. In ...

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