Decision Making Under Uncertainty: Part 2

Tarantino, David P.
April 2005
Click (1532-0391);Apr2005, Vol. 5 Issue 2, p64
The article presents a discussion related to decision making under uncertainty. The physician executive overseeing an outpatient surgical center is planning for increased volume with the addition of a new surgical group. Given the anticipated increased surgical caseload, she must decide whether to hire one or two additional anesthesiologists. She can hire two now, or can hire one with the option of hiring an additional person later, if the volume warrants it. Physician executives and medical practice managers are frequently asked to make decisions for their organizations without all of the information they need.


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