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Decision Making

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Jayanta Bora
Jayanta Bora
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Learning Outcomes – Decision Making ,[object Object],[object Object],[object Object],[object Object]
Decision-Making ,[object Object]
Three Models for Decision-Making ,[object Object],[object Object],[object Object]
The Satisficing Model Expand on alternatives Does alternative meet satisficing Criteria ? Select first alternative that meets criteria and is considered “ good enough” Problem identified Problem simplified Satisficing criteria set Identify alternatives Compare alternatives one at a time against criteria YES NO
The Implicit Favorite Model Need for a decision is determined Select an implicit favorite alternative Identify other alternatives Establish criteria to match implicit favorite Compare alternatives with implicit favorite criteria Confirm implicit favorite Select implicit favorite 1 2 3 4 5
Problems Situations in Life Priority Problem Causes for Problem Most Likely Cause Make A Decision Alternatives 1 2 3 4 5 6 Determining the need for a decision
Six Steps to the Rational/Maximizing Decision-Making Model ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Decision-Making ,[object Object],[object Object],[object Object],[object Object]
Determining a Course of Action ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Which one is the best?
Decision-Making ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Group Decision-Making ,[object Object],[object Object],[object Object],[object Object],[object Object]
Summary ,[object Object],[object Object],[object Object],[object Object]

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Decision Making

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  • 4. The Satisficing Model Expand on alternatives Does alternative meet satisficing Criteria ? Select first alternative that meets criteria and is considered “ good enough” Problem identified Problem simplified Satisficing criteria set Identify alternatives Compare alternatives one at a time against criteria YES NO
  • 5. The Implicit Favorite Model Need for a decision is determined Select an implicit favorite alternative Identify other alternatives Establish criteria to match implicit favorite Compare alternatives with implicit favorite criteria Confirm implicit favorite Select implicit favorite 1 2 3 4 5
  • 6. Problems Situations in Life Priority Problem Causes for Problem Most Likely Cause Make A Decision Alternatives 1 2 3 4 5 6 Determining the need for a decision
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  • 12.