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Business Case Analysis with R: Simulation Tutorials to Support Complex Business Decisions by Robert D. Brown III

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© Robert D. Brown III 2018
Robert D. Brown IIIBusiness Case Analysis with Rhttps://doi.org/10.1007/978-1-4842-3495-2_6

6. Use a Decision Hierarchy to Categorize Decision Types

Robert D. Brown III
(1)
Cumming, Georgia, USA
 
When it comes to making decisions associated with a given opportunity, one mistaken assumption people frequently make is to think that they need immediate resolution on every decision—right now! Very rarely is this assumption true. We need a way to identify where our attention should be focused, however, and where we can defer our attention to avoid the inefficiency of that way of thinking.
Solving a problem usually involves breaking that problem down into useful categories of information. I call this process partitioning . Before ...

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