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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
Eduncle Best Answer
In the foundation of the administrative model of decision making lies the belief that decision makers often settle for a less than ideal solution because of time and motivation shortages. Instead of seeking the best solution that maximizes the value of the decision, the decision maker accepts the first available 'good enough' alternative producing a value above the minimally acceptable. The concept of settling for a less than perfect solution is called satisficing.