"Decision theory" Essays and Research Papers

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    Methods of Group Decision Making No two groups will ever function in the same way while involved in the process of decision making. Some are proactive groups while there are other groups‚ which need a driving force or a facilitator to facilitate the process. There are several methods of group decision-making. Here are some of the common methods employed in the process of decision-making: Authoritarian Style The authoritarian style is like a dictatorship‚ in which the decision ultimately rests

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    The Decision-Making Process According to Hepworth‚ Rooney and Larsen (2002)‚ issues of decision-making are closely linked to the power dynamics within a family in that the responsibility of decision-making is often held by parents or modeled after parents’ approaches to decision-making. You see this dynamic being played out in the Grape family as Gilbert and the rest of the family look to Mama for the final "say-so" on decisions having to do with the family. Along with Mama’s authority‚ comes

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    Decision Making: Medicaid budget cuts An emergency manager’s meeting was called this morning to announce the 2009 fiscal budget cut’s starting June 1‚ 2009. The North Carolina Department of Health and Hospitals has cut Medicaid payments for hospital services by 15 % to reduce the state ’s budget deficit.These budget changes will directly affect private insurers with significant focus on the Medicaid recipients in the rural low income population located in Eastern North Carolina. During this called

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    ETHICAL DECISION-MAKING REPORT 1 Ethical Decision-making Report Cassandra S. Parker Western Governors University ETHICAL DECISION-MAKING REPORT 2 Ethical Decision-making Report B.1. Ethical decision-making strategies In order to ensure that ethical decision-making takes place at all levels within Cascadia Toyco‚ I am suggesting that the company implement the following two strategies: (1) establish a business code of ethics‚ and (2) adopt both formal and informal decision-making processes

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    numerous often-unplanned events that require decision-making. In the past it was more common for a manager to decide the course of action individually or within formal groups. Important decisions in the business circle are now deemed too risky or important to be made entirely by one person. A manager must seek the right advice from several different sources. Today it is often common for many managers to seek involvement from lower level employees in the decision making process whenever it can be done

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    Decision Trees

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    DECISION TREES DECISION Decision trees may be described as the graphic display of the decision-making process. Let us take for example a situation where one must decide whether to go to a movie house or to stay at home and watch TV or a video tape. State of nature node Branches Good movie Decision node Movies Bad Movie Good program TV New program or cassette Poor program Rerun

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    1 Problem Statement 3.0 Identifying Decision Criteria 4.0 Allocating Weights to Each Criteria 5.0 Developing/Generating Alternatives 6.0 Evaluating Alternatives 6.1 Potential Solution Evaluation Checklist: 6.2 When should you evaluate potential solutions? 6.3 Criterion – weight matrix 7.0 Selecting the Optimal Decision/Alternatives 7.1 Selection of alternatives 7.2 Pros and Cons 8.0 Implementing the Alternatives 9.0 Evaluation the Decision Effectiveness ABSTRACT This report will

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    Gillian Singer Jacta Alia Est DecisionsDecisions Before discussing the different ways a person can reach a decision‚ it is first necessary to know what decision making is.  According to The Oxford English Dictionary decision making is‚ “The making up of one’s mind on any point or on a course of action; a resolution‚ determination.”  While the definition seems simple‚ the act of making up ones mind can be quite complicated.  You need only look at my dorm room floor on a Saturday

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    Decision Support System

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    6.0 DECISION SUPPORT SYSTEMS A decision support system (DSS) is a computer-based information system that supports business or organizational decision-making activities. DSSs serve the management‚ operations‚ and planning levels of an organization and help to make decisions‚ which may be rapidly changing and not easily specified in advance. DSSs include knowledge-based systems. A properly designed DSS is an interactive software-based system intended to help decision makers compile useful information

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    “Discuss the rational decision-making model. Would this be an effective/realistic model to use in your current organization? Describe how you may use it while mitigating its weaknesses.” Individuals face daily judgments about decision making‚ although decisions can be categorized in two dimensions: personal and organizational and then into programmed and non programmed‚ as described by Vechhio (2006‚ p.183). Here we will cover rational decision-making model‚ and discuss how that applies

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