Probability management and the flaw-of-averages

Uncertainty is ever-present and is an integral part of life. Recognising the existence of uncertainty and its possible effects on decision-making may be important for the profitability, financial success, or even survival of an organisation. A relatively new discipline, - known as probability manage...

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Bibliographic Details
Main Authors: Kruger, Paul, Yadavalli, Sarma
Format: Article
Published: Stellenbosch University 2016-12-01
Series:South African Journal of Industrial Engineering
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