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Turning Optimal Decisions into Real Actions

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Which factors are important in successfully turning optimal decisions obtained from models into real actions? Provide two factors. Explain your answers.

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This solution discusses factors important in turning decisions into real actions.

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Optimal decisions taken from models can be turned into real actions if the required resources are available and if the motivation and will to utilize those resources in the right manner exists. Many a time models are simply built in air, and when coming to reality it is very difficult to transform the theoretical decisions into something tangible in reality. ...

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