Given that the analytical method is usually demanding and effortful, will you use the analytical method for similar decisions in the future? Why?
Description Intuition-Based versus Analytical Method Corresponding reading: Chapter 1, Page 4 Purpose: Comparing the intuition-based method with the analytical method in decision-making. a) Consider the important decisions you mentioned in case 1.3.a. b) For each of those decisions, propose an analytical method you could use to find the best decision. In particular, discuss what data […]