Next, write at least three body paragraphs and address each of the points listed above. A good way to plan this particular reflective essay is to write an introduction to the essay. Every piece of writing should have an introduction, body, and conclusion. Why did you choose the two strategies? What are the results of the best alternative? What is your final decision?Īfter you have contemplated the questions above, draft your reflective essay.State the best alternative for each strategy. Choose two of the five decision strategies, and solve it in Excel QM.What are the potential payoff/losses for each alternative and state of nature?.Identify at least three alternatives and three states of nature.What is the problem and objective of this decision?. ![]() Keep in mind the “Six Steps in Decision Making” (textbook reference) as you set up your decision analysis. Scenario: You are a business owner faced with an important decision that could potentially be very lucrative.
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