How Can Decision-Making Problems: 1) Under Assumed Certainty, 2) Under Assumed Uncertainty, and 3) Under Assumed Risk Be Handled?

1.Under Assumed Certainty 

In this condition, decision maker has all information that he need to make a decision. The decision maker know what the outcome will be, the nature problem itself and in most situation, the solution are already available from past experiences for handling this problem. The decision maker in this condition must be careful in identifying the problem and create a solution.

2.Under Assumed Uncertainty

In this condition, the decision maker has incomplete information, many unknown possibilities to predict expected results for decision making alternatives.

In this condition, the decision maker is even hard to make subjective solution and in my opinion, the decision maker must understand more deeply about the problem and search the information that relates to the problem.

3.Under Assumed Risk

In this condition, the decision maker only has some good information available but not good enough to predict the outcome. The decision maker could define the nature of problem, possible alternatives and the probability of each alternative leading to the desired result, but could not guarantee how each alternative may work. In my opinion, decision maker must choose the alternative that have high possibility of success.