Learning Objectives

After studying this module, you should be able to:

F.1: Explain the importance of following a systematic process to make operations and supply chain management decisions.

F.2: Define the elements in the decision-making process.

F.3: Appraise the different environments, or categories, under which decisions are made.

F.4: Solve decision-making problems under certainty, uncertainty, and risk.

F.5: Use decision trees and sensitivity analyses to make sequential decisions.