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Methods for Dealing with Uncertainty

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Which method would you choose to use if you were dealing with conditions of uncertainty, and why?

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Solution Summary

209 on how to handle uncertainties that could cost a lot if estimated wrong.

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During uncertainty, it is best to err on the edge of caution. This would be the main strategy that a company should undertake.

It would be best to gather information and increase the knowledge base of the company in order to pull themselves out of the uncertain situation. Knowledge is a key factor here, since it ...

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