Fundamental concepts of decision-making theory, Managerial Economics

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fundamental concepts of decision-making theory

The fundamental concepts of decision-making theory have been culled from microeconomic theory and have been furnished with new tools of analysis. Statistical methods, for illustration, are pivotal in estimating current and future demand for products. Methods of operations research and programming proffer scientific criteria for minimising cost, maximising profit and determining a viable combination of products.


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BU 5210 Final Summer 2013 Economic Analysis

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