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Advantages and limitations of linear programming as a managerial decision making model?
It takes out the personal angle in decision making.
What are the advantages of using mixed strategies in decision-making processes?
Using mixed strategies in decision-making processes allows for increased flexibility and adaptability. It helps in avoiding predictability and potential exploitation by opponents, leading to better outcomes in strategic interactions.
What are the key differences between individual decision making and group decision making, and how do these differences impact the overall decision-making process?
Individual decision making involves one person making a decision based on their own preferences, beliefs, and information. Group decision making involves multiple people collaborating to reach a decision through discussion, negotiation, and compromise. The key differences lie in the diversity of perspectives, potential for conflict, and time required in group decision making compared to individual decision making. Group decision making can lead to more thorough consideration of options and better outcomes, but it can also be slower and more complex due to the need for consensus.
Elaborate the cost concept is important for decision making?
Cost concept for Decision making ?
How do you think good decision making contributed to the success of NASCAR?
A good decision making that contributed to the success of NASCAR was A good decision making that contributed to the success of NASCAR was
Classical model of decision making?
Classical models of decision making involve highlighting rational awareness and a clear vision on the outcome of the decision. Classical models of decision making are not usually complex and are typically the safest course in making decisions.
Examples of classical and administrative models of decision making in any industry?
There are classical, administrative, and political models of decision making. Making a decision requires the use of logical selection based on facts.
Compare and contrast classical and administrative models of decision making?
classical model of decision making involves more thinking and reasoning administrative model of decision making involves more intuition and feelings
Advantages of a decision making unit?
importance of the decision making unit
Advantages and limitations of linear programming as a managerial decision making model?
It takes out the personal angle in decision making.
What are the advantages and disadvantage of consensus as a decision-making model for government?
ME
What are the pros and cons of the classical decision making model?
One pro of the classical decision-making model is its logical and structured approach, helping to ensure thorough consideration of options. However, a con is its assumption of perfect information and rationality, which may not always reflect real-world complexities and limitations in decision-making.
In the classical model of decision-making the most appropriate decision given the likely future consequences to the organization is known as?
Optimum
What is a decision making model?
Decision Making is a basic function of manager, economics is a valuable guide to the manager. There are basically two major models of decision-making - the classical model and the administrative model. The classical model of decision making is a prescriptive approach that outlines how managers should make decision. Also called the rational model, the classical model is based on economic assumptions and asserts that managers are logical, rational individuals who make decision that are in the best interest of the organization. The Administrative model of decision making is a descriptive approach that outlines how managers actually do make decisions. Also called the organizational, neoclassical, or behavioral model, the administrative model is based on the work of economist Herbert A.
What is a making model?
Decision Making is a basic function of manager, economics is a valuable guide to the manager. There are basically two major models of decision-making - the classical model and the administrative model. The classical model of decision making is a prescriptive approach that outlines how managers should make decision. Also called the rational model, the classical model is based on economic assumptions and asserts that managers are logical, rational individuals who make decision that are in the best interest of the organization. The Administrative model of decision making is a descriptive approach that outlines how managers actually do make decisions. Also called the organizational, neoclassical, or behavioral model, the administrative model is based on the work of economist Herbert A.
What are the advantages of functional structure?
-delay in decision making - inter dependent factor Save
Departmentalization by function advantages and disadvantages?
what are advantages & disadvantages of departmentalization by function
