• MAKE A • IMPLEMENT • EVALUATE AND

ADAPT
CHOICE DECISION DECISION
RESULTS
- Choice making - Implementation
refers to the refers to carrying - Feedback refers to
process of out the decision so the process which
requires checking at
selecting among that the objectives each stage of the
alternatives sought will be process
representing achieved.
potential - Control refers to the
actions made to ensure
solutions to a the activities performed
problem match the desired
activities or goal
 APPROACHES IN
SOLVING PROBLEMS
1. Qualitative Evaluation
2. Quantitative Evaluation
• QUALITATIVE • QUANTITATIVE
EVALUATION EVALUATION

- refers to evaluation of - refers to evaluation of

aternatives using intuition alternative using any
and subjective judgement technique in a group
classified as a rational
USED WHEN: and analyticals
1. The problem is fairly simple
2. The problem is familiar
3. Low cost
4. Immediate decisions are
needed
QUANTITATIVE MODELS
FOR DECISION MAKING
1. Inventory models
2. Queuing Theory
3. Network Models
4. Forecasting
5. Regression Analysis
6. Simulation
7. Linear Programming
8. Sampling Theory
9. Statistical Decision Theory
 Prepared by:
Lloyd Vince E. Aguda