Determining the best payoff for each alternative and choosing the alternative with the "best of the best" is the approach called:

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asked Aug 24, 2019 71.9k views

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Krystian Borysewicz · Answer 1 · 2019-08-29T22:22:11+0000

Assuming that is concerning financial investment, it would seem that the answer is any concept which involves calculating the financial feasibility of a project. For example, NPV, IRR, ARR, payback periods, etc.

Determining the best payoff for each alternative and choosing the alternative with the "best of the best" is the approach called:

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