Decision-Making Models
Abstract: In this paper, I will take a closer look at the decision making process and the purpose of a decision model. First, I will discuss the decision making process and the background on the four main decision making models. Then I will explain how I use these models to help make decisions on the job.
Decision-Making Models
Everyday life is full of choices. Some of these choices are long term and some are only short term, but each one is important. We all want to make the right decisions and fortunately there are models that can assist us in the decision making process. According to Lahti (1996) there are four groups of decision-making models such as: rational, political, process and garbage can models. Though all of these models have their advantages and disadvantages I will mainly focus on the rational and political model, and show how these models are applied at my organization.
Example of Markov Decision Process (MDP) transitio...
Decision Making Chart
English: Flowchart of Rational Planning and Decisi...Decision-Making Models
Decision-making is an important part in every organization. There are many theories on decision-making and how decision-making should be approached. The first of these is the Rational Model that is based on economic aspects of decision-making. This model uses a logical, chronological methodology, based off of pre-set goals and objectives, finding numerous solutions, and choosing the one that best fits the objectives. This is a very simple model; however, it assumes that there will be no biases or human emotion. A second decision-making method is Political, which is more common in business situations. In this method, the decision maker may have multiple people working on a project. Each person on the project may have a different agenda or solution and all will pitch their idea to the decision maker. The decision maker will choose the solution he feels would be best for...