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Decision making

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DECISION MAKING CHAPTER No. 8
D ECISION M AKING ,[object Object],D EFINTION :
S TEPS O F D ECISION M AKING ,[object Object],[object Object],[object Object],[object Object],[object Object],Decision may OR may not be 100% at every aspects
S TEPS of D ECISION M AKING ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
D ECISION M AKING Selecting an Alternative Reliance on the Post How to Select from among Alternatives? Experimentation Choice Made Research & Analysis
Programmed & Non-Programmed Decisions D ECISION M AKING Nature of Problems Non-Programmed Decision Programmed Decision Lowest Level Highest Level Unstructured Structured Nature of Decision Making
D ECISION M AKING ,[object Object],[object Object],[object Object]
D ECISION M AKING M ODEL ,[object Object],Ascertain the Need for a Decision Identify the Decision Criteria Allocate Weights to the Criteria Develop the Alternative Evaluate the Alternative Select the best Alternative
D ECISION M AKING ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
T HE S ATISFYING M ODEL ,[object Object],Problem Simplify Problem Set Satisfying Criteria Identify a limited set of alternatives Compare Alternatives Expand Search for Alternatives Satisfying Choice
T HE I MPLICIT F AVORITE M ODEL ,[object Object],Ascertain the need for a decision Selection of an implicit favorite alternative Identification of alternatives Identification of confirmation candidates Confirmation of Implicit Favorite Establish decision criteria that are biased toward the favorite Selection Implicit Favorite
M ODERN A PPROACHES T O D ECISION M AKING ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],D ECISION M AKING
S UMMARY Decision Making is the selection of a course of action from alternatives; it is the core of planning. Because there are always alternatives, usually many to a course of action. Decision Maker need to narrow them down to those few that deal with the limiting factors.

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Decision making

  • 2.
  • 3.
  • 4.
  • 5. D ECISION M AKING Selecting an Alternative Reliance on the Post How to Select from among Alternatives? Experimentation Choice Made Research & Analysis
  • 6. Programmed & Non-Programmed Decisions D ECISION M AKING Nature of Problems Non-Programmed Decision Programmed Decision Lowest Level Highest Level Unstructured Structured Nature of Decision Making
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14. S UMMARY Decision Making is the selection of a course of action from alternatives; it is the core of planning. Because there are always alternatives, usually many to a course of action. Decision Maker need to narrow them down to those few that deal with the limiting factors.