Fuzzy decision-making represents an evolving paradigm that integrates the principles of fuzzy set theory with multi-criteria decision-making (MCDM) techniques to address the inherent ambiguity and ...

Coverage and reimbursement decisions are hardly predictable or consistent within and across US payers. Payers are in the position of determining which drugs to pay for, for whom, and at what level to ...

What is Cost Benefit Analysis? Examples and Steps Cost benefit analysis is a strategy used by businesses and individuals to weigh the potential outcome of an action in order to make a decision.

Business owners have to make decisions every day on issues fraught with uncertainty. Information is not perfect, and the best choice is not always clear. One way to handle these vague situations is to ...

BOSTON, MA—Howard Raiffa, Harvard University’s Frank Plumpton Ramsey Professor of Managerial Economics Emeritus (a joint endowed chair at Harvard Business School and Harvard Kennedy School), who was ...