What are the five stages of decision making? Explain properly with real life examples and diagram.
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What are the five stages of decision making? Explain properly with real life
examples and diagram.
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- What are trade-offs? Why is careful consideration of trade-offs important in decision making?Answer neatly/briefly. What do you mean by “decision making?” What are the factors affecting the process of decision making?Detail 5 approaches to improving decision making. You can speak from the perspective of an individual, a manager, or a policy maker (or a mix).
- Explain the concept of contribution and limiting factors and how it can be effectively used in decision making and explain what you understand by Budgets, Fixed Budgets and Flexible Budgets in the context of control and performance evaluation of an organization of your choice.Explain the description of delphi technique and how it would assist an employer in decision making ?Decision Making: Answer the following questions.1. Can the engineer manager avoid making management decision? Why or why not?2. When a problem becomes apparent and the engineer manager chooses to ignoreit, is he making a decision? Explain your answer.3. Why is proper diagnosis of the problem important?4. What are the components of the environment from the point of view of the decision-maker? What do they consist of? 5. How may one develop viable alternatives in problem solving?6. How may alternative solutions be evaluated?7. Why is it important for those who will be involved in implementation to understand and accept the solution to the problem?8. What are the approaches in solving problem?9. What quantitative techniques are useful in decision-making?10. What is the purpose of Bayesian analysis?
- give two examples of programmed and unprogrammed decisions.also explain them in detailCHAPTER 8 ASESSEMENT DIRECTIONS: PROVIDE COMPLETE RESPONSES TO THE FOLLOWING QUESTIONS 1. Describe the difference between programmed and non-programmed decisions. What are the implications of these differences for decision makers? Focu ces cibility: Unavailable 55°F DOLL Feb 12, 2022, 12:34 PMwhat role does quality information play in decision making? explain in details