The reasoning behind modifying the optimal solution from mathematical models in view of the other non-quantifiable and/or judgmental business information in the situation should be determined. Concept Introduction: The mathematical models and solutions are based on the precise equations which can be formed. However, business does not operate in the oasis of exactness of mathematics. Such optimal decisions, therefore, are required to be moderated with other factors (especially judgmental) present in the situation.

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Chapter D, Problem 2DQ

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Interpretation: The reasoning behind modifying the optimal solution from mathematical models in view of the other non-quantifiable and/or judgmental business information in the situation should be determined.

Concept Introduction: The mathematical models and solutions are based on the precise equations which can be formed. However, business does not operate in the oasis of exactness of mathematics. Such optimal decisions, therefore, are required to be moderated with other factors (especially judgmental) present in the situation.

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