Cathy is the manager of Fancy Bags, a store that sells designer purses. Cathy knows that the economy greatly affects her business. Therefore, she is developing alternative courses of action for each of the four possible economic outcomes that may occur over the next four to six years. In this situation, Cathy is following the garbage can model. generating contingency plans. engaging in satisficing implementing a decision Omaking a programmed decision.

Cathy is the manager of Fancy Bags, a store that sells designer purses. Cathy knows that the economy greatly affects her business. Therefore, she is developing alternative courses of action for each of the four possible economic outcomes that may occur over the next four to six years. In this situation, Cathy is following the garbage can model. generating contingency plans. engaging in satisficing implementing a decision Omaking a programmed decision.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section9.4: The Precision Tree Add-in

Problem 9P

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