Abstract

The notable advance in recent years in the recognition and treatment of the uncertainty inherent in management problems has tended to have a curious backlash. Out of the new methodology has come, for many technicians and too many managers, a strange belief in the absolutism of the ultimate optimizing solutions. Computer facility has compounded the difficulty with its awesome black and white answers that intelligent humility would only call gray. Most parameters in the humanities are essentially the facts of yesterday; undue confidence in their predictive value calls for a reminder of man's fallibility in a world of uncertainty.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.