![]() By mutually exclusive we mean that the alternatives are competitive in the sense that if A is selected, B cannot be chosen. ![]() Alternatives differ in their nature or character, not only in quantitative details. One of the mutually exclusive courses of action attaining the objectives. utility partitioned into additive criteria.Īiding method: Variant of a decision tool.Īlternatives: Optional courses of action from which a decision maker is expected to choose that are obtained from memory, vendor search, research and development, and the like and provide ways to achieve objectives. Analytical processes stress deduction and help the decision maker identify and organize the activities needed in making tough choices.Īdditive Component: Elements of a quantity, e.g. The analytical decision process is recommended for empirical decisions, decisions with a low degree of puzzlement, and decisions in which there is a single dominant decision maker.The performance of decision groups should improve when the decision group reconciles evaluation information generated by the analyses that it initiates. Reliability, although difficult to achieve in a group setting, may be enhanced when the decision group sponsors analysis that uses a deductive tactic, such as a decision tree. When properly managed, groups can be timely, inexpensive, and flexible and can promote acceptance. The group decision process is recommended for information-rich decisions, moderately puzzling decisions, and decisions involving multiple stakeholders with known interest.Wider use of the mixed-mode procedure under these conditions should improve both acceptance and consistency through coalition management. The mixed-mode decision process is best for search decisions that are very puzzling and involve stakeholders with unknown interests.When a decision process fits a decision amenable to its procedures, a favorable effect on cost, timeliness, risk of omission, flexibility, acceptance, consistency, and validity should result. Decision makers with a repertoire of decision processes, skills or staff support to apply them and guidelines to match decisional tactics to decision types and degrees of puzzlement can improve their decision making practices. Most organizations face each of the types of decisions with varying degrees of puzzlement.Decision Making Keywords and Phrases Keywords and PhrasesĪ Collection of Financial Keywords and PhrasesĪ Collection of Economics Keywords and PhrasesĪction learning: Learning focused on outcomes and the future conditions that should have been foreseeable and that produced these outcomes.Īction: Committing resources, usually following a choice.Īctive Listening: Active listening is a way of listening that focuses entirely on what the other person is saying and confirms understanding of both the content of the message and the emotions and feelings underlying the message to ensure that understanding is accurate.Īctor learning: Determining the accuracy of information offered by experts in a decision process, such as the likelihood of a future condition (interest rates), and forming by what has been obtained by the typical experts.Īctual judgment: Based on what the assessor really knows, it is the opposite of hypothetical judgment.
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