Module+11000+X+Summary+and+Conclusions

X. Module 11000 Summary and Conclusions JRH

**DEY Summary:**

Decision Making is key to a companies success this is where they decide what activates to take part in that will be most profitable. The tactical Decision making process is how things should be analyzed. The problem should be idenfified and all alternatives should be found. Cost should be compared within the alternatives but only consider cost that are relevant. Then one should select the most benefitcal option.

A key in not to include irrelevant cost in the decision making process because cost that is already sunk should have no weight in a decision because no matter what you decide the irrelevant cost is lost anyway.