Beschreibung:
<jats:p>The business environment for the past quarter‐century has been characterized by increasing competition, decreasing product life cycles, and growth of industrial organizations in terms of both human and physical assets. Coupled with these challenges are increased societal pressures for greater corporate accountability. In order to survive and eventually achieve myriad diverse objectives, decisionmakers are forced to extend planning horizons, introducing even greater levels of uncertainty. Moreover, the typical decision‐maker is further removed from action points, increasing the communications problem and rendering decisive management more difficult.</jats:p>