Alternatives

The typical business decision involves choosing between more than just two proposals. Five, ten, or even more proposals may be up for consideration. On top of this, it's often possible to choose more than one of the proposals at the same time. Given a set of k proposals, if those proposals are all independent and there aren't any budget (or other resource) constraints, then there would be 2k different possible unique courses of action. These range from carrying out none of the proposals to carrying out all of the proposals, and includes all of the various combinations in between. Any dependencies among the proposals just make matters more complicated. The decision process is a lot simpler when the choices can be represented entirely ...

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