All 2 entries tagged Rdm-Pma

Outcomes

So much of emphasis is given on taking the robust decisions but it is the outcome which every person runs after . We as a student are more concerned about our marks rather than analysing our decisions taken during the course of work . If the outcome is good , than a decision taken is considered robust but that might not be the case everytime , we cannot judge the decision just by its outcome. We might have taken the right decision even when the outcome is not good .It can be that a decision taken might not give the best outcome that time , it might give later on , so saying that decision was not robust is not right. These decisions are so subjective that the outcomes really should not be the ultimate answer.

Shalini Newatia : 22 Apr 2012 21:07 |  Tags: Rdm-Pma |  Comments (0) |  Close comments |  Report a problem

Decisions under uncertainity

As i went through various articles , many of them spoke about making decisons under uncertainity . IT says that decisions get tougher when the situations are uncertain and not predictable. But , it jus brings a qestion to my mind-when is a situation certain. When can we predict a situation that no matter what it wil give us exactly what we expect.

For Example - In a cricket match we choose the right player ,doing all kind of permutations and combinations , depending on their skills . The selectors thinks that they have taken a robust decision of selecting the players but still the team looses , so how can we say that we are at any time certain about our decisions , no matter how robust the decision is .

The degree of uncertainity might vary but all every problem is uncertain and decisions cannot be completely guarenteed that it is certain.

Shalini Newatia : 22 Apr 2012 20:31 |  Tags: Rdm-Pma |  Comments (1) |  Close comments |  Report a problem