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What are Tradeoffs?

 , October 04, 2015 updated on October 05, 2016
Tradeoffs are situations where you gain one thing for giving up on another. They occur because of constraints such as time and resources. For example, quality is often a tradeoff with price. Problems can often be solved by modeling the tradeoffs in a particular situation.
Overview: Tradeoffs
FunctionProblem Solving
Decision Making
Strategy
ValueModeling tradeoffs is a decision making and planning technique.
Related TechniquesJugaad

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