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Global Decision-Making 

Global Decision-Making
Chapter:
Global Decision-Making
Author(s):

Boaz Ronen

, Joseph S Pliskin

, and Shimeon Pass

DOI:
10.1093/med/9780190843458.003.0016
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date: 22 August 2019

The global decision-making methodology is a simple and effective tool for decision-making. It bypasses the need to determine the cost of service or cost of product as well as the product’s or service’s profit. Global decision-making methodology works well for pricing decisions, make-or-buy decisions, termination of services, bid pricing, determining service mix, and investment decisions. The methodology consists of three stages and provides practical tools for decision-making such as the measurement profile and the cost-utilization diagram. The methodology takes into consideration economic benefits as well as strategic benefits and intangible ones. It is simple to use, intuitive, and clear to communicate.

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