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(The term "decision under ignorance" is sometimes used about the case when no probabilistic information at all is available).
We are concerned here with medium or long term decision problems, which necessitate "macroscopic" models of the supply chain.
Short term decision support for manufacturing systems is generally difficult because of the initial data needed by the calculations.
"A significant downside of the current financial regime is that it may encourage short term decision making around the current year".
The term decision support describes a diverse class of resources designed to help manage this complexity and assist decision makers in understanding impacts and evaluating management options.
While data science is perhaps the most broadly used term, "decision science" seems like the more fitting description of how machines are assisting business leaders in solving problems that have traditionally relied on human judgment, intuition and experience.
Similar(53)
This includes the need for more central guidance around applying social value and the need for longer term decision-making to prevent the short termism currently prevalent in public spending.
Although a great deal of varied terminology is used to describe doctors' thinking, the term "decision-making process" is used extensively in the medical and healthcare literature [ 2].
He said a long-term decision had not been made to move Reyes to shortstop.
"This was a long-term decision taken with a lot of careful analysis.
Today's announcement is another example of a long-term decision that will strengthen the economy.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com