THE VALUE OF MONEY AND THE FLAW-OF-AVERAGES
Given the state of uncertainty in the world, decision analysis and decision-making under conditions of uncertainty are becoming more important. However, any rational decision-making requires a criterion on which to base the decision — which implies the availability of a value system. This paper will...
Main Authors: | Kruger, Paul, Yadavalli, Sarma |
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Format: | Article |
Language: | English |
Published: |
Stellenbosch University
2018-08-01
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Series: | South African Journal of Industrial Engineering |
Subjects: | |
Online Access: | http://sajie.journals.ac.za/pub/article/view/1968 |
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