Decision Making Models

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Tells us about the decision making models.

Transcript of Decision Making Models

Page 1: Decision Making Models
Page 2: Decision Making Models

BIBLIOGRAPHYBIBLIOGRAPHY• Weihrich & Koontz, Management• Study Material by Prof. Keshav

Sharma.• Peter F. Drucker, Management Tasks,

Responsibilities and Practices.• www.google.co.in• Business Today

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DECISION MAKING DECISION MAKING MODELS MODELS

Economic Man ModelAdministrative ModelImplicit Favourite Model

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Economic ModelEconomic Model

DiscoverSymptom

(1)

Define Problem

(2)

DevelopCriteria

(3)

SelectBest

Alternative(6)

Act Decision

(7)

Dev

Altntivs

(4)

Dev

Outc-

ome

(5)

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ASSUMPTIONS

•Collection Of Information•Storage Of Information•Information Manipulation •Economic Rationality

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EXAMPLES

Introduction Of new Product

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ADMINISTRATIVE MODELADMINISTRATIVE MODEL

Define Problem

(1)

EstablishCriteria

(2)

IdentifyFeasible

Alternative(3)

AppraiseAlternative

(4)

Act(5)

AppraiseEaseOf

AspirationLevel(6)

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GAMESMAN MODELGAMESMAN MODEL

SetGoal(1)

IdentifyImplicitFavorite

(2)

CompareAnd RankRejected

Alternatives(3)

IdentifyConformAction

Candidate(4)

EstablishCriteria

(5)

AnnounceDecision

(6)Act(7)

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CORPORATE EXAMPLESCORPORATE EXAMPLESMicrosoft Ltd

ROB-Internal Application 3400 Financials Analysts

Wipro Technologies Ltd Specialized Tools

Infosys Ltd

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Structured Models for Decision Making

Structured Models for Decision Making

Markov Models in Medical Decision Making

Markov Models in Medical Decision Making

Topic 2. DECISION-MAKING TOOLS. 1. Models for decision making Real life experiments Iconic models Simulation models Quantitative models –Algebraic - B/E.

Topic 2. DECISION-MAKING TOOLS. 1. Models for decision making Real life experiments Iconic models Simulation models Quantitative models –Algebraic - B/E.

Using Models in Decision Making

Using Models in Decision Making

Fuzzy Logic Models for Non-Programmed Decision-Making … · Fuzzy Logic Models for Non-Programmed Decision-Making in PSPG 3 2. Background 2.1. Decision-Making The upper cognitive

Fuzzy Logic Models for Non-Programmed Decision-Making … · Fuzzy Logic Models for Non-Programmed Decision-Making in PSPG 3 2. Background 2.1. Decision-Making The upper cognitive

Decision making models

Decision making models

College Admissions Decision Making Models

College Admissions Decision Making Models

MULTI-CRITERIA DECISION MAKING MODELS BY APPLYING …

MULTI-CRITERIA DECISION MAKING MODELS BY APPLYING …

Decision-Making Systems, Models, and Supportyudha.dosen.ittelkom-pwt.ac.id/wp-content/uploads/sites/73/2018/02/...Decision-Making Systems, Models, and Support DECISION SUPPORT SYSTEM

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Models of Financial Decision Making in Education

Models of Financial Decision Making in Education

Methods and Models for Decision Making - LAMSADEprojet_cost/ALGORITHMIC_DECISION_THEORY/...Methods and Models for Decision Making ... • presentation of risk analysis, multicriteria,

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Cognitive Modeling - Lecture 11: Models of Decision Making · Decision Making Use of Base Rates Bayesian Inference Decision Making Bayes’ Theorem Base Rate Neglect Decision Making

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CAREER DECISION-MAKING APPROACHES Two categories of decision making models.

CAREER DECISION-MAKING APPROACHES Two categories of decision making models.

Financial Models for Laboratory Decision Making Models for... · Financial Models for Laboratory Decision Making March 19, 2015 Robert Schmidt, ... MBA, MT (ASCP) ARUP ... Build a

Financial Models for Laboratory Decision Making Models for... · Financial Models for Laboratory Decision Making March 19, 2015 Robert Schmidt, ... MBA, MT (ASCP) ARUP ... Build a

Pricing Models Decision Making

Pricing Models Decision Making

Models of Perceptual Uncertainty and Decision Making

Models of Perceptual Uncertainty and Decision Making

Optimization Models for Decision Making

Optimization Models for Decision Making

Models of Decision Making MIS

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Clinical Decision Making: Models and Current Research

Models of Multi-Attribute Decision-Making. Implications for ...homepage.coll.mpg.de/pdf_dat/2007_17online.pdf1 Models of Multi-Attribute Decision-Making. Implications for Institutional

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