Decision situations that involve a finite and usually not too large number of alternatives are modeled through an approach called decision analysis.

Name: Decision situations that involve a finite and usually not too large number of alternatives are modeled through an approach called decision analysis.
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Decision analysis is commonly used when there is a finite number of alternatives to choose from, and the number of alternatives is manageable in terms of analysis and evaluation.

Decision Situations That Involve a Finite and Usually Not Too