Examlex
Compared to tangible resources, intangible resources are an inferior source of core competencies.
Decision Tables
A tabular method for representing and analyzing logical relationships among variables and their possible outcomes.
State of Nature
A term often used in decision theory and statistics to describe scenarios or conditions that are beyond the control of decision-makers, such as market trends or natural disasters.
Maximin Criterion
A decision-making principle that suggests choosing the option with the greatest minimum payoff, particularly under uncertainty, to ensure the best worst-case outcome.
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