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

User Muju
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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.
User Krystian Borysewicz
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