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Sunil Kumar Puri

"Somewhere along the line of development we discover what we really are, and then we
make our real decision for which we are responsible. Make that decision primarily for
yourself because you can never really live anyone else's life."
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G Japanese proverb says, "Thinking without action is a daydream. Gction without


thinking is a nightmare." The origin of decision theory is derived from economics by
using the utility functions of payoff. It suggests that decisions be made by computing the
utility and probability, and the ranges of options. It also lays down strategies for good
decisions.    
   

   
  
  



 
   
 
 

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S. No. Sale Cost Margin of Order Prod No of Deg of Change Available


Price Price contribution Qty per process difficulty Over time Days for
Day involved Production
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Aactors Cost Margin of Demand Prod No of Deg of Cumulative Rank
Weights Price Contribution per Day process difficulty Weight
involved
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S. Style Order Prod Days Change Balance no. Prod Margin of Total
No. Qty per Required Over of Days Order contribution Margin
Day for time Quantity
Production
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Cumulative margin of contribution = Rs. 23,94,970.00

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  35 
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About the Author: 


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