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I. Problem clarity: The problem is clear and unambiguous. The decision maker is assumed to have complete information regarding the decision situation.
ii. Known options: It is assumed that the vision maker can identify all the relevant criteria and can list all the viable alternatives. Furthermore, the decision maker is aware of all the possible consequences of each alternative.
iii. Clear preferences: Rationality assumes that the criteria and alternatives can be ranked and weighted to reflect their importance.
iv Constant preferences: It’s assumed that, the specific decision criteria are constant and that the weights assigned to them are stable over time.
Titany answered the question on September 7, 2021 at 11:08
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