Decision-making

Optimum outcome

• The absolute best of all possible outcomes.
• Is the most desirable solution to a problem.
• May be difficult or impossible to discover.
• What are the criteria for judging the quality of the outcome?

Satisfactory outcome – satisfycing.

• The best of all determinable outcomes.
• Is an ‘at least satisfactory’ solution to a problem.
• May be easier to discover than the optimum.
• What is a determinable outcome?
• What are the criteria for judging the quality of the outcome?
• When is a satisfactory solution acceptable?

Reliability of a decision?
How sure can we be that a chosen outcome is the correct / best one?