Explain diferent types of decision making environments in details
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THREE TYPES OF PROBLEMS IN DECISION MAKING UNDER DIFFERENT ENVIRONMENT. Usually we may have one of the three environments with regard to the state of outcome of a problem, namely, deterministic or state of certainty; stochastic or risk environment and finally the environment of uncertainty.
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Decisions Making Environments: Certainty, Uncertainty and Risk. Article shared by : ADVERTISEMENTS: The decisions are taken in different types of environment.
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