In a decision$-$making setting, if the manager has to contend with limits on the amount of information he or she can consider, this $$ can lead to a poor decision.

$$ bounded rationality

suboptimization

risk aversion

misspecification

complexification

In a decision$-$making setting, if the manager has to contend with limits on the amount of information he or she can consider, this $$ can lead to a poor decision.

$$ bounded rationality

suboptimization

risk aversion

misspecification

complexification

In which type of operation are you likely to see, at most, only minor variations in the product or service being produced using the same process and the same equipment?

a project

a job shop

repetitive production

batch processing

intermittent production