Management Decision Making
Management Decision Making
Introduction
Decision-making is a fact of life. The process can get complex in the business world when it has to be undertaken in uncertainty. This paper seeks to discuss three approaches, namely, the game theory, the qualitative comparative analysis and the fuss logic concepts that businesses can utilize in decision-making in this kind of condition. In addition, it will utilize the approaches to developing a model that can be utilized by BMG204 Logistics Solutions (BLS) limited to improve efficiency, reduce operating costs and increase its revenues in its transport business.
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