Chapter survival toolkit
Overview
This chapter discusses decision-making methods which can be used under conditions of uncertainty and risk. The chapter starts by looking at three general techniques. It then reviews the important topics of break even and profit maximization, capacity planning, pricing, and inventory control.
Prerequisites
Parts of this chapter stand alone. However, the following pages also build on everything preceding it in this book. One specific topic you may wish to refresh in your mind is the arithmetic of the normal distribution discussed in Chapter 5.
Mastering more advanced decision-making techniques
After reading this chapter, you should be able to answer the following questions:
| 1 | What is PMI? How would you use it ... |
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