Operations Chapter 5

A choice about future action.

the options a decision maker considers before selecting a future course of action.

a difficulty or question that needs resolution

A process that consists of a series of steps, beginning w/the recognition of a need for action and ending with the generation of a resolution or recommendation for action.

a formal process for defining a decision problem and evaluation decision alternatives, emcompassing all efforts and activities leading up to a decision

the simple to understand rules a decision maker uses to evaluate decision alternatives.

the practical limitations that affect the selection of decision alternatives.

the potential for unexpected outcome. In decision theory, an environment where incomplete but reliable info is available, such that the various states of nature could produce different outcomes for each decision alternative, and the decision maker is ableto assign an individual probability to each state of nature.

a process that relies on one decision maker to dictate a choice.

involves a whole group in a structured choice format with a binding commitment to implement the majority choice under a one-person, one-vote selection process.

leader gets group contributions but leader makes decision that has reasonable acceptance in the group.

involves all group members in the decision process

an approach to obtaining useful info by following systematic and rigourous research procedures.

asks the decision maker to look at the readily available objective evidence and make a reasonable decision in a reasonable time frame.