0
What is the difference between an open decision making system and a closed decision making system?
A. Closed decision making system:
If the manager operates in a known environment then it is a closed decision making system. The conditions of the closed decision making system are:
(a) The manager has a known set of decision alternatives and knows their outcomes fully in terms of value, if implemented.
(b) The manager has a model, a method or a rule whereby the decision alternatives can be generated, tested, and ranked.
(c) The manager can choose one of them, based on some goal or objective.
A few examples are:
- a product mix problem,
- an examination system to declare pass or fail, or
- an acceptance of the fixed deposits.
B. Open decision making system:
If the manager operates in an environment not known to him, then the decision making system is termed as an open decision making system. The conditions of this system are:
(a) The manager does not know all the decision alternatives.
(b) The outcome of the decision is also not known fully. The knowledge of the outcome may be a probabilistic one.
(c) No method, rule or model is available to study and finalize one decision among the set of decision alternatives.
(d) It is difficult to decide an objective or a goal and, therefore, the manager resorts to that decision, where his aspirations or desires are met best.
Deciding on the possible product diversification lines, the pricing of a new product, and the plant location, are some decision making situations which fall in the category of the open decision making systems. by prerna
What else can I help you with?
What is the difference between decision making and problem solving in a managerial concern?
The difference is that decision making usually come first than problem solving.
What is the Difference between judgment and decision making?
Judgement is judging someone, and decision making is deciding something, usually about you and things about you. Example Plz: by ruban.
Difference betweenoperation decision making and strategy decision making?
dont know the answer
Difference between MIS and Decision Making?
Mis helps in planning and controlling in an organisation but decision making means select a single alternative among all possible alternative.
What are the differences between decision making and decision-making?
There is no much difference in both but here according to grammar "decision-making" treated as a single word whereas "decision making" two different words. As we see the web site and web-site both has same meaning but difference is with hyphen is treated as single word and the other one without hyphen is treated as two different words.
What is the difference between decision making and problem solving in a managerial concern?
The difference is that decision making usually come first than problem solving.
Difference between individual decision making and group decision making?
its stipid qestion jo dik khato
What is the difference between policy making and decision making?
diffrent btw decition making and policy making
What is the difference between a decision aid and a support system?
Decision aid system is for decision making. A support system is a helpdesk.
What is the difference between individual and group decision making?
An individual decision is a decision that was made by one person. A group decision is a decision that was crafted by multiple people.
What is the Difference between judgment and decision making?
Judgement is judging someone, and decision making is deciding something, usually about you and things about you. Example Plz: by ruban.
Difference betweenoperation decision making and strategy decision making?
dont know the answer
What is difference between make decision and decide?
"Decision" is a noun, and "decide" is a verb. A decision is the choice made by somebody, and "decide", or, "to decide", is the act of making that choice.
What is the difference between making a decision with prejudice and making a decision without prejudice?
Making a decision with prejudice means having preconceived notions or biases that influence your judgment. Making a decision without prejudice means being impartial and making a judgment based on facts and evidence, without bias.
What is the difference between moral and ethical decision-making?
Moral decision-making is based on personal beliefs about right and wrong, while ethical decision-making is guided by established principles and codes of conduct in a particular profession or society.
Difference between MIS and Decision Making?
Mis helps in planning and controlling in an organisation but decision making means select a single alternative among all possible alternative.
What are the difference between decision making under risk and decision making under competition?
I also dont no.dont b angrey one day we will b able to ans InsALLAH:-)
