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- b. **Semistructured Decisions:**
- **Definition:** Semistructured decisions fall between
structured and unstructured decisions. They involve some
complexity and uncertainty, where part of the decision-making
process is well-defined, but other aspects require judgment and
interpretation.
- **Example:** Strategic decisions related to product
development, where some criteria are known, but others may
depend on market dynamics.
- c. **Unstructured Decisions:**
- **Definition:** Unstructured decisions are complex,
ambiguous, and lack a predefined decision-making method.
These decisions involve high levels of uncertainty, and decision-
makers often rely on judgment, intuition, and creativity.
- **Example:** Choosing a market entry strategy for a new
product where variables are not clearly defined, and various
factors need subjective evaluation.
7. Define efficiency, define effectiveness, and compare and contrast the two.
10. Define programmed (structured) versus non programmed (unstructured) problems. Give one example in each of the following
areas: accounting, marketing, human resources.
8. **Phases of Decision-making:**
- Intelligence: Identifying or recognizing a problem.
- Design: Developing alternative solutions.
- Choice: Selecting the best alternative.
- Implementation: Putting the chosen solution into action.
14. Define rational decision-making. What does it really mean to be a rational decision-maker?
19. What is a personality (temperament) type? Why is it an important factor to consider in decision-making.
16. Scenario:
- **Definition:** A scenario is a narrative description of a
potential future situation or sequence of events.
- **Use in Decision-making:** Scenarios help decision-
makers explore different possible futures, anticipate challenges,
and develop strategies to address uncertainties.
18. **Implementation:**
- **Definition:** Implementation is the process of carrying
out or executing a decision or plan. It involves putting chosen
solutions into action.
2. List and define the three phases of the decision- making process (according to Simon).
Simon's three phases of the decision-making process are: intelligence, where conditions that call
for decisions are identified; design, where possible courses of action are invented, developed,
and analyzed; and choice, where a course of action is selected from those available.
2. Define DSS. Decision Support Systems are computer-based information systems that use data
and models to support un-structured decisions made by managers.
4.Discuss the major characteristics of DSS. There are four major characteristics of DSS. These
are: 1) It uses data and models. 2) It is used to assist managers when they solve semi structured
or unstructured problems. 3) It is used to support the manager; it does not replace the manager.
4) Its goal is to support the effectiveness of decisions.
5.List five major benefits of DSS. The major benefits provided by DSS include: 1) It may
provide solutions for problems that cannot be solved by other methods. 2) It performs a
thorough, quantitative analysis in a very short time. 3) It permits what-if analysis quickly and
objectively. This allows several different strategies and conditions to be analyzed. 4) It exposes
the user to new insights, and these can be used as learning tools. 5) It facilitates communication
and improves teamwork. 6) It allows increased control and may improve performance. 7) It can
reduce or eliminate the cost of wrong decisions. 8) It provides consistent and objective decisions.
9) It frees managers for more important tasks because they are able to perform tasks in less time
and with less effort.