Decision Economics

Author: Alfred Oxfordeitt
Publisher:
Publish Date: 2003-01-01
Features: These exquisite business books are highly appealing to managers and individuals who not only need to carefully consider time but also must be well-versed in basic contemporary knowledge and management practices. The authors of the series include CEOs, educators, and entrepreneurs, each possessing unique insights and professional experience in their respective fields. The series aims to be concise and compact, ensuring that you still have time to grasp diverse concepts and real-time information after completing your daily work. Economics can be considered an obscure science, but it is regarded as an essential component of modern management because it provides us with the thinking tools to overcome the challenges that have long troubled us and to make rational decisions. The models, cost forecasts, goals, and evaluations we are familiar with are all tools of managerial economics, forming the foundation for making faster and more optimized decisions in daily life. This book aims to help people understand the relationships among these tools and how to use them effectively. Thoughtfully made decisions do not always point in the right direction and sometimes leave us feeling lost. Surprisingly, the methods and ideas in this book explain the counterintuitive forces and the shortcomings of conclusions drawn from rigorous reasoning. This book is an extremely useful reference that offers reasonable suggestions for overcoming various decision-making difficulties.