This document discusses decision making strategies when adequate data is not available. It notes that a common approach is to use professional judgement if at least 50% of the data is available. It also lists three university references on decision making paradigms and models.

1. Decision Making Paradigm
Model Result
Professional
Judgement
DecisionDecision / Problem
Experience
Intuition
Interpret
Realize
Symbolic
Word
Analyze
Abstract
Optimal Solution
Note: While making a decision, the
following strategy is widely used when
adequate data is not available:
1. At least 50% or higher percent of
data availability, and
2. Utilizing professional judgment.

2. References:
1. Smith School of Business, Queens University, Canada.
2. Cornell University, USA.
3. University of Waterloo, Canada.