Scottish scientist Dr. Stuart Pugh developed a method for improvement selection called Pugh’s Controlled Convergence. More ...

Marginal analysis is an important decision-making tool in the business world. Marginal analysis allows business owners to measure the additional benefits of one production activity versus its costs.

Fuzzy decision-making represents an evolving paradigm that integrates the principles of fuzzy set theory with multi-criteria decision-making (MCDM) techniques to address the inherent ambiguity and ...