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What are the assumptions that underlie the classical model of decision-making and explain how this model would help to explain the behavior of a manager who was attempting to act consistently with thi?

The classical model of decision-making assumes that individuals are rational, have access to all information, evaluate all options, and choose the optimal solution. This model suggests that a manager, acting in a manner consistent with it, would thoroughly assess all available options, weigh the pros and cons logically, and select the best alternative based on objective criteria, maximizing utility or profit.


Who makes Model?

There are many companies that manufacture models, but without more specific information it is hard to determine which one you are referring to. Some well-known companies that produce models include Revell, Tamiya, and Airfix.


What makes a working model of the DNA molecule?

protein


What is the age of a 12 gauge Model 12 shotgun serial 705000 and how can you determine what model it is?

The age of a shotgun can be determined by referencing the serial number with the manufacturer's records. In this case, the Winchester Model 12 shotgun with serial number 705000 was manufactured in the early 1940s. To determine the specific model, examine the markings on the shotgun such as the barrel roll markings or receiver stampings, which will indicate the model variation.


When formulating a linear programming model on a spreadsheet the measure of performance is located in the target cell?

Yes, in a linear programming model on a spreadsheet, the measure of performance is typically located in the target cell, which is often the cell that you are trying to either maximize or minimize by changing the decision variables. The goal is to optimize the measure of performance by finding the best values for the decision variables based on the constraints of the model.

Related Questions

What is the meaning of vroom-jago model?

The Vroom-Jago decision model is a rational model used by leaders to determine whether they should make a decision alone or involve a group, and to what extent the group should be involved.


Consumer decision making model?

The consumer decision making model helps businesses determine how consumers make decisions. When managers understand this, they can use the information to increase the chances of consumers purchasing their products.


What are the three situational criteria explained in the Fiedler model?

The three situational criteria in the Fiedler model are Leader-Member Relations (the quality of relationships between leaders and followers), Task Structure (the clarity and specificity of tasks), and Position Power (the degree of formal authority a leader holds). These criteria help determine the favorableness of a situation for a leader.


How do you determine the model number of a charter arms bulldog 44 special?

Not all makes of firearms HAVE a model number. Some makers use model NAMES (um... like Bulldog or Undercover, or Undercoverette) instead of a model number.


What is the criteria to pick a model using mallows Cp?

Choose the model with the lowest mallows CP


What are the criteria in choosing the best economic system model?

abudance


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 the First step in the army problem solving model?

develop criteria


Explain the Henry assael model of buying decision behavior?

The model of buying decision behavior consists of the items people are attracted to. When making a decision to purchase. The model can help businesses display items in a way that is attractive to the customer.


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 is Two major models of decision-making?

the major model of decision making that assumes the decision maker will be rational, systematic, and logical in assessing each alternative is rational economic model.


What are the assumptions that underlie the classical model of decision-making and explain how this model would help to explain the behavior of a manager who was attempting to act consistently with thi?

The classical model of decision-making assumes that individuals are rational, have access to all information, evaluate all options, and choose the optimal solution. This model suggests that a manager, acting in a manner consistent with it, would thoroughly assess all available options, weigh the pros and cons logically, and select the best alternative based on objective criteria, maximizing utility or profit.