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ENMA 401enginiring managemant- when the decision maker’s information is not complete, he/she will have to make...

ENMA 401enginiring managemant- when the decision maker’s information is not complete, he/she will have to make decision under condition of uncertainity -true or false
Engineering   Civil-Engineering   
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Answer #1

Answer: TRUE

Explanation:

Based on the nature of available information, there are 3 types of decision making.

Type of Decision Making Nature of Information
Condition of Certainty Outcome of each decision alternative is known.
Condition of Risk Outcome Probabilities of each decision alternative is known.
Condition of Uncertainty Incomplete Information. Outcome of each decision as well outcome probabilities are not known.

So, the statement "When the decision maker’s information is not complete, he/she will have to make decision under condition of uncertainty" is TRUE.

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