How Should a Management Science Analyst Proceed When It Is

question 11

Essay

How should a management science analyst proceed when it is obvious that the "front line" people and their immediate management do not agree as to the definition of the problem to be addressed?

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Definitions:

Utility Function

An economic model that quantifies the satisfaction or happiness a consumer receives from consuming goods and services.

Expected Utility

A theory in economics that models how agents choose among risky alternatives to maximize their satisfaction.

Income

Receipts garnered on a habitual basis as a result of engaging in work or investment.

Von Neumann-Morgenstern

A theory of expected utility which provides axioms for how rational individuals make decisions under uncertainty.