The Decision Process
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The Four Step Decision Making Process As A Simple Way To Arrive At Rational Decisions
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Author : Doreen Walter
language : en
Publisher: GRIN Verlag
Release Date : 2010-12-01
The Four Step Decision Making Process As A Simple Way To Arrive At Rational Decisions written by Doreen Walter and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-01 with Language Arts & Disciplines categories.
Essay from the year 2010 in the subject Sociology - Communication, grade: 1,0, University of Applied Sciences Riedlingen, language: English, abstract: In the days of globalization, dynamic markets, increasing competition and customers needs making a decision and/or choosing an alternative is becoming progressively more difficult. Especially in case of complex decisions individuals often think that they cannot cope with it – in spite of their known common sense. Making a decision means balancing multiple objectives and is nearly always accompanied by conditions of uncertainty; uncertainty regarding the future, the consequences of the different alternatives or even due to the variety of goals. But regardless of the respective case to be considered - the more information the “decision makers” have, the better will be the decision. However, not only the action itself is relevant and decisively – also the selection criteria, which help to orient oneself within the variety of different possibilities and – therefore – guide the decision making. Moreover, particularly these criteria force us to choose not only among the possible courses of action but also among the means of evaluating such actions. The purpose of the decision making process is to find the best promising of all possible alternatives – subject to the respective goals of the “decision makers”. A successful decision making process should use and pass through some basic steps of decision making. A simple model to follow might be the four-step decision making process that is explained in the following. This essay is to give an entire overview of the four-step decision making process as the art of balancing different objectives including its single steps. In order to illustrate them, each of those stages is supported by a current example of a decision that is currently to be made at ...... Based on a short company profile giving some background information regarding the company ........, chapter 3 concentrates on the decision making process itself. In the following each of the process steps is theoretically explained and practically accompanied by the mentioned example. The essay ends with a brief conclusion summarizing all results and findings.
Smart Decisions
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Author : Thomas N. Martin
language : en
Publisher:
Release Date : 2016
Smart Decisions written by Thomas N. Martin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Decision making categories.
Decision Making Process
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Author : Denis Bouyssou
language : en
Publisher: John Wiley & Sons
Release Date : 2013-05-10
Decision Making Process written by Denis Bouyssou and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-10 with Business & Economics categories.
This book provides an overview of the main methods and results in the formal study of the human decision-making process, as defined in a relatively wide sense. A key aim of the approach contained here is to try to break down barriers between various disciplines encompassed by this field, including psychology, economics and computer science. All these approaches have contributed to progress in this very important and much-studied topic in the past, but none have proved sufficient so far to define a complete understanding of the highly complex processes and outcomes. This book provides the reader with state-of-the-art coverage of the field, essentially forming a roadmap to the field of decision analysis. The first part of the book is devoted to basic concepts and techniques for representing and solving decision problems, ranging from operational research to artificial intelligence. Later chapters provide an extensive overview of the decision-making process under conditions of risk and uncertainty. Finally, there are chapters covering various approaches to multi-criteria decision-making. Each chapter is written by experts in the topic concerned, and contains an extensive bibliography for further reading and reference.
Analysis Of The Decision Process
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Author : Richard C. Hutchins
language : en
Publisher:
Release Date : 1969
Analysis Of The Decision Process written by Richard C. Hutchins and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1969 with Decision making categories.
Innovative Decision Making Techniques
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Author : Terry Bresnick
language : en
Publisher: Springer Nature
Release Date : 2022-09-21
Innovative Decision Making Techniques written by Terry Bresnick and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-09-21 with Business & Economics categories.
This book provides a blend of quantitative and qualitative approaches to decision making, while also bridging the gap between the theory of how to make good decisions versus how people actually make decisions. The authors present the tools and techniques of decision analysis to learn how to become a FOCCUSSED decision maker: Identify and properly Frame the decision or problem at hand Specify the goals, Objectives, and values that you are trying to achieve Develop creative, meaningful Choices from among which you can choose Evaluate the Consequences of selecting each alternative using your goals, objectives, and values Think about the key Uncertainties that could impact the decision Understand the Swaps and trade-offs that you are willing to make Develop an approach for implementing your Solution Elicit the data you’ll need from a variety of sources and Disseminate and communicate your decisions to others. The authors define a decision as the choice among alternatives, based on how we value and trade-off their pros and cons, made in the face of uncertainty about what will actually happen. The decision-making process is presented as having three pillars to support the decision maker: Preferences–what we prefer, what meets our goals and objectives, and the recognition that preferences are personal to the one making the decision; Alternatives–the choices, options, or courses of action that we have, and over which we have some degree of control; and Information–what we know about the situation, what we don’t know, how we connect choices to outcomes, and how we deal with uncertainty. Key components of good decision-making include how to define your goals and objectives, how to incorporate uncertainties that we all face, and how to develop better alternatives, all of which are discussed. Sophisticated techniques are presented in a way that is accessible to the average decision maker. Probability theory is utilized to improve decisions, and uncertainties are captured in decision trees. Risk avoidance, risk transfer, and risk mitigation are also discussed. Readers will gain a clear understanding of how to articulate the goals and objectives that should be the focal point of any decision.
Decision Process A Complete Guide 2020 Edition
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Author : Gerardus Blokdyk
language : en
Publisher: 5starcooks
Release Date : 2020-01-23
Decision Process A Complete Guide 2020 Edition written by Gerardus Blokdyk and has been published by 5starcooks this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-01-23 with categories.
How do you apply the created models to your business decision process? What kinds of reward systems and decision processes supplier is using? Has a problem with a specific decision or decision process led managers to consider developing or improving a DSS? What does the decision process look like? Is management information accurate, timely, secure, usable, and targeted at the right decisionmakers and decision processes? This breakthrough Decision Process self-assessment will make you the established Decision Process domain master by revealing just what you need to know to be fluent and ready for any Decision Process challenge. How do I reduce the effort in the Decision Process work to be done to get problems solved? How can I ensure that plans of action include every Decision Process task and that every Decision Process outcome is in place? How will I save time investigating strategic and tactical options and ensuring Decision Process costs are low? How can I deliver tailored Decision Process advice instantly with structured going-forward plans? There's no better guide through these mind-expanding questions than acclaimed best-selling author Gerard Blokdyk. Blokdyk ensures all Decision Process essentials are covered, from every angle: the Decision Process self-assessment shows succinctly and clearly that what needs to be clarified to organize the required activities and processes so that Decision Process outcomes are achieved. Contains extensive criteria grounded in past and current successful projects and activities by experienced Decision Process practitioners. Their mastery, combined with the easy elegance of the self-assessment, provides its superior value to you in knowing how to ensure the outcome of any efforts in Decision Process are maximized with professional results. Your purchase includes access details to the Decision Process self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows you exactly what to do next. Your exclusive instant access details can be found in your book. You will receive the following contents with New and Updated specific criteria: - The latest quick edition of the book in PDF - The latest complete edition of the book in PDF, which criteria correspond to the criteria in... - The Self-Assessment Excel Dashboard - Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation - In-depth and specific Decision Process Checklists - Project management checklists and templates to assist with implementation INCLUDES LIFETIME SELF ASSESSMENT UPDATES Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.
A Primer On Decision Making
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Author : James G. March
language : en
Publisher: Simon and Schuster
Release Date : 1994-05-23
A Primer On Decision Making written by James G. March and has been published by Simon and Schuster this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994-05-23 with Business & Economics categories.
Building on lecture notes from his acclaimed course at Stanford University, James March provides a brilliant introduction to decision making, a central human activity fundamental to individual, group, organizational, and societal life. March draws on research from all the disciplines of social and behavioral science to show decision making in its broadest context. By emphasizing how decisions are actually made -- as opposed to how they should be made -- he enables those involved in the process to understand it both as observers and as participants. March sheds new light on the decision-making process by delineating four deep issues that persistently divide students of decision making: Are decisions based on rational choices involving preferences and expected consequences, or on rules that are appropriate to the identity of the decision maker and the situation? Is decision making a consistent, clear process or one characterized by ambiguity and inconsistency? Is decision making significant primarily for its outcomes, or for the individual and social meanings it creates and sustains? And finally, are the outcomes of decision processes attributable solely to the actions of individuals, or to the combined influence of interacting individuals, organizations, and societies? March's observations on how intelligence is -- or is not -- achieved through decision making, and possibilities for enhancing decision intelligence, are also provided. March explains key concepts of vital importance to students of decision making and decision makers, such as limited rationality, history-dependent rules, and ambiguity, and weaves these ideas into a full depiction of decision making. He includes a discussion of the modern aspects of several classic issues underlying these concepts, such as the relation between reason and ignorance, intentionality and fate, and meaning and interpretation. This valuable textbook by one of the seminal figures in the history of organizational decision making will be required reading for a new generation of scholars, managers, and other decision makers.
The Decision Making Blueprint
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Author : Patrik Edblad
language : en
Publisher: Patrik Edblad
Release Date : 2019-09-04
The Decision Making Blueprint written by Patrik Edblad and has been published by Patrik Edblad this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-04 with Business & Economics categories.
Radically Upgrade Your Thinking & Dramatically Increase Your Success What if there was a way to routinely make smart decisions? What if you could reliably avoid costly mistakes? What if you could remarkably improve your results in all areas of life? Mental trainer and best-selling author Patrik Edblad has helped tens of thousands of readers to think rationally, logically, and effectively. In this book, he lays out a simple, concise, and actionable guide to intelligent decision-making. Step-by-step, you’ll discover: - The cognitive biases that distort your thinking, and how to counteract them. - The logical fallacies that derail your judgment, and how to prevent them. - The mental models you need to equip your mind with to make great decisions. - PLUS: The Decision-Making Blueprint Bonus Bundle — A FREE complimentary resource to easily apply everything you learn in your own decisions. Make a life-changing decision today! Get your copy NOW to radically improve your thinking and dramatically increase your success!
Straight Choices
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Author : Ben R. Newell
language : en
Publisher: Psychology Press
Release Date : 2007-08-07
Straight Choices written by Ben R. Newell and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-08-07 with Psychology categories.
We all face a perplexing array of decisions every day. Straight Choices provides an integrative account of the psychology of decision making, in which clear connections are made between empirical results and how these results can help us to understand our uncertain world. Throughout the text, there is an emphasis on the relationship between learning and decision making. The authors argue that the best way to understand how and why decisions are made is in the context of the learning and knowledge acquisition that precedes them and the feedback that follows them. The mechanisms of learning and the structure of environments in which decisions are made are carefully examined to explore the ways in which they act on our choices. From this, the authors go on to consider whether we are all constrained to fall prey to biases or whether with sufficient exposure can we find optimal decision strategies and improve our decision making. This novel approach integrates findings from the decision and learning literatures to provide a unique perspective on the psychology of decision making. It will be of interest to researchers and students in cognitive psychology, as well as researchers in economics and philosophy interested in the nature of decision making.
Introduction To Decision Making Process
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Author : IntroBooks Team
language : en
Publisher: IntroBooks
Release Date : 2019-12-04
Introduction To Decision Making Process written by IntroBooks Team and has been published by IntroBooks this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-04 with Business & Economics categories.
Introduction to Decision Making Process