Suggests decision making techniques that can be used to estimate the consequences of choosing alternative courses of action, to select an optimum strategy, or to determine how sensitive predicted outcomes are to particular assumptions. Microcomputer use, quantitative techniques, and examples involving item reordering and adoption of word…

This essay illustrates a technique for reducing the risks of capital investment decisions involving considerable sums for advanced technologies by considering its application to a problem that arises frequently in selection of automated library systems. Incomplete information, using available information, selecting a system, and consultants are…