Limited Problem Solving Flashcards, test questions and answers

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What is Limited Problem Solving?

Limited problem solving is a type of decision making that focuses on limited, specific problems rather than dealing with the entire system. This approach has been used in many different fields, from economics and finance to artificial intelligence and robotics. It involves identifying a problem, understanding its components, analyzing potential solutions, and choosing the best option for addressing it.The primary benefit of limited problem solving is that it allows for faster decision-making as decisions are focused on a single issue or set of issues. By narrowing down the scope of the problem to be solved, one can quickly identify potential solutions and move forward with implementation. Additionally, this approach can lead to better results due to the fact that all possible root causes have already been accounted for prior to undertaking any actions. In contrast to other forms of decision making where complex systems may require extensive analysis before any progress can be made, limited problem solving enables users to take action without wasting time trying out multiple solutions which might not even address the true source of an issue. However, there are some drawbacks associated with using this approach as well. Since only a few factors are considered when forming decisions within this framework, problems may arise if unforeseen variables come into play during implementation or resolution stages. In addition, while efficient in terms of speediness in arriving at conclusions regarding how best to address particular problems; limited problem solving does not always guarantee optimal outcomes as certain elements influencing resolution may remain unexplored or unknown until after action is taken (e.g., legal implications). Overall though; given its efficiency and ease-of-use; limited problem solving remains an invaluable tool for addressing specific needs quickly and effectively in numerous areas – from business strategy development through crisis management scenarios – where time is often of essence when attempting resolutions.