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Decision-taking

Capital investment decisions are best made within the context of a life-cycle cost analysis. Life-cycle cost analysis focuses on the costs incurred over the life of the investment, assuming only candidate investments are considered that meet minimally acceptable performance standards in terms of the non-inonetary impacts of the investment. Using life-cycle analysis, the capital investment decision takes into account not just the initial acquisition or purchase cost, but maintenance, energy use, the expected life of the investment, and the opportunity cost of capital. When revenue considerations are prominent, an alternative method of analysis such as net benefit or net present value may be preferred. [Pg.216]

YIG (yttrium iron garnet), Y3Fe5012, has the same structure as garnet. Which are the appropriate sites for the Y3+ and Fe3+ ions If the electrostatic valence rule is insufficient for you to come to a decision, take ionic radii as an additional criterion. [Pg.61]

A drugs and therapeutics committee (DTC), alternatively known as pharmacy and therapeutics committee, is aimed at ensuring safe and effective (rational) use of medicines in the facility or area under its jurisdiction. Hospital DTCs are common in industrialised countries and they are widely used to influence national decision-taking. Members of DTCs should represent the major specialties and the administration they should be independent and be without any conflict of interest. Critical to the success of DTCs are a sound scientific and clinical basis for decision taking, clear objectives a firm mandate, support by senior management, transparency in... [Pg.61]

Based on the considerations set out above, we shall now develop a model which treats more systematically some features of the process of decision taking by a multi-faceted individual. In Sections I and II, on the one hand, we emphasized the different aspects or points of view pulling the individual in different directions, thus making him a Faustian decision-taker. In Section III, on the other hand, we discussed the individual s integrating or fusing process of the many different aspects. Both the aspects taken into consideration by the individual and the integrating procedure employed are much more... [Pg.210]

It seems quite natural that, once the black box of individual decision-taking has been opened, a whole range of different characters will jump out. The huge variety of possible characters may itself constitute an interesting field for further investigations. But to make... [Pg.214]

In a sense made precise by the above proposition we may therefore attribute rationality as used in orthodox economic theory to a character which is both harmonic and sensible. Thus, provided the analysis made is correct, rationality cannot be considered as a universal feature in individual decision-taking rather it is linked with a peculiar kind of character. Because other characters, in particular nonharmonic ones, seem quite often to occur in reality, the road is open to go beyond the orthodox principle of rationality. We do not want to take up this issue here systematically, but we shall offer some more informal considerations. [Pg.222]

Write a short essay where you consider three recent purchases one minor, one moderate, and one major. Consider the decision-making process that went into each purchase. Was it impulsive, considered, or agonized How long did the decision take Did you comparison shop Did you buy top of the line or bargain basement After considering the three purchases in some detail, classify yourself as a high or low roller. [Pg.33]

At the allocation level product-plant and plant-market allocation decisions can be evaluated. In many cases these decisions take the form of regular single-sourcing restrictions. Alternatively, it might be desired to asses the impact of producing certain products only at a single site that is to be selected by the model or pre-determined by the user to reduce the complexity of the network. As discussed in the context of the numerical performance analysis, the latter type of restriction has to be handled with care because of the strong increase in calculation time that was observed. [Pg.188]

Response accuracy reflects the animal s capacity to remember the lever previously presented and therefore represents a measure of short-term memory. Simple reaction times reflect the animal s rapidity to respond to an unpredictable spatial stimulus and therefore represent a measure of attention. Choice reaction times reflect the animal s rapidity to choose between two levers and therefore represent a measure of decision taking or information processing speed. Performance on all parameters improves over the acquisition period and therefore indicates the animal s capacity to learn the new task. [Pg.40]

Sampling period. The selection of the time points tk at which on-line optimization is performed (Fig. 1) is an important task, albeit not as widely studied as other MFC design tasks. Things become more interesting when measurements or decisions take place at different... [Pg.141]

How drugs act and interact, how they enter the body, what happens to them inside the body, how they are eliminated from it the effects of genetics, age, and disease on drug action — these topics are important for, although they will generally not be in the front of the conscious mind of the prescriber.an understanding of them will enhance rational decision taking. [Pg.89]

Alignment Involves Long Planning Cycles, Where Observable Results and Knowing Whether You Made the Right Decisions Take Awhile 954 ... [Pg.948]

The method presented has been developed with an intention of using it in the decision taking procedures in risk prediction during the seagoing ship operation. [Pg.2211]

DDM models which consider order selection decisions take a profit maximization perspective rather than a cost minimization perspective. In general, the revenue from an accepted order (in class j) is R (Rj) and there are ear-liness/tardiness penalties if the order is completed before/after its quoted due date. [Pg.532]

Although a high investment is needed to create a DMU, the cost reduction effect of using a DMU as a central platform can be objectively [4] and economically measured and is noticeable in other fields like concepmal layout, communication, decision taking, CE, prototype creation, maintenance, retrofit engineering and product recycling among others. [Pg.358]

BH Kaye. Automated decision-taking in fine particle science. Powder Technol 8 293-306, 1973. [Pg.37]


See other pages where Decision-taking is mentioned: [Pg.79]    [Pg.254]    [Pg.819]    [Pg.15]    [Pg.78]    [Pg.64]    [Pg.21]    [Pg.202]    [Pg.210]    [Pg.210]    [Pg.212]    [Pg.224]    [Pg.226]    [Pg.229]    [Pg.114]    [Pg.292]    [Pg.19]    [Pg.436]    [Pg.437]    [Pg.103]    [Pg.79]    [Pg.186]    [Pg.397]    [Pg.28]    [Pg.618]    [Pg.117]    [Pg.147]    [Pg.394]    [Pg.385]    [Pg.293]    [Pg.217]    [Pg.211]   


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Decision making, taking action

Takes

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