Name and discuss at least three different heuristics that you employ in dealing with complex issues in and out of business

1. A daily walk-through in the actual operations and a trial and error method, we can learn to improve the operation and develop a new way of doing things.

2. By using an experimental group. Two groups using different methods and evaluating the results as a way of measuring productivity.

3. Using a method based on the first-hand experience from different departments to test the applicability to an unrelated department.

At first, it degrades the welfare and profits but the benefits are more in the long-run.

Eventually, it increases profitability and efficient production methods.