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Decision-making and Decision-making Models

1 What are the risks of bypassing the steps in the following decision-making model?

I. Framing the Problem:
Identify the problem
Define the criteria, goals, and objectives
Evaluate the effect of the problem

II. Evaluate the Decision:
Measure the impact
Implement a decision

III. Make the Decision:
Identify probable causes
Frame alternatives
Evaluate the impact of the alternative
Finally, make a decision

2 Under what circumstances would it be appropriate or inappropriate to use a decision-making model?

Operation Research, Management Studies

  • Category:- Operation Research
  • Reference No.:- M924772

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