institutions Archives

Kiss Approach To Risk Based Decision Making

Who doesn’t have to make decisions? Private decisions? Job related/business decisions? No matter your age, position, job, we all have to make decisions almost on a day to day basis. Decisions alternatives, even the straight forward ones, often have hidden/secondary effects, and most of the time are made more difficult by our perception, sentimental values etc. Large corporations sometimes use highly sophisticated procedures to support their decisions on capital expenditure, investments, processes, and yet, oftentimes, they realize afterwards that the…