Assertion: decision | /r/CapableOf | make real options
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text: The tools include: Monte Carlo methods, which use computational algorithms that rely on repeated random sampling to obtain numerical results decision analysis, which uses outcome scenarios and probabilities to identify the best decision to make given different decision-maker objectives real options, which applies the concept of financial option valuation to “real” situations and allows managers to quantify the costs and benefits of flexibility when making decisions under uncertainty Qualitative scenario analysis These tools inform decisions by developing a set of qualitative, representative scenarios of how the present may evolve into the future and identifying the likely consequences of the decision under consideration.