CFLM 2

NOTES 5
DECISION-MAKING
CONCEPTS
DECISION
a conclusion or resolution reached
after consideration
DECISION-MAKING
the process of making choices by
identifying a decision, gathering
information, and assessing
alternative resolutions
DECISION-MAKING
can be seen as a problem-solving
process that generates a solution
that is considered to be ideal, or at
least acceptable
DECISION-MAKING
a mechanism that can be more or
less logical or irrational and based
on overt or implicit knowledge and
beliefs
 In dynamic decision-making
processes, implicit information is often
used to fill holes (Brockmann, 2016).
Typically, all, implicit and explicit, of
these forms of information are used
together in the decision-making
process.
 A significant part of decision-making
involves evaluating a finite range of
alternatives that are defined in terms of
evaluative criteria. So, the challenge
would be to rate these alternatives in
terms of how appealing they are to the
decision-maker while considering all
the criteria at the same time.
 Another objective may be to find the
best alternative or to assess the
relative overall value of each
alternative when all the parameters
are simultaneously considered.
Multiple-Criteria Decision Analysis (MCDA)
a structured process for evaluating
options with conflicting criteria and
choosing the best solution
 Another objective may be to find the
best alternative or to assess the
relative overall value of each
alternative when all the parameters
are simultaneously considered.
ENVIRONMENTAL
INFLUENCE IN
DECISION-MAKING
 The environmental of decision makers
will play a role in the decision-making
process. A factor affecting cognitive
performance, for example, is
environmental uncertainty
CHARACTERISTICS OF DECISION-
MAKING
1. Objectives have to be set first.
2. Requirements must be graded
and placed in order of importance.
3. We need to build alternate acts.
4. The alternatives must be
measured against all targets.
CHARACTERISTICS OF DECISION-
MAKING
5. Tentative decision is the option
which can accomplish all the
objectives.
6. The tentative decision is evaluated
for more possible consequences.
7. The preliminary decision is reviewed
for more potential implications.
CHARACTERISTICS OF DECISION-
MAKING
8. Decisive action is taken and further
action to avoid any negative effects
from being issues and to continue all
processes all over again.
9. There are usually followed steps
leading to a decision model that
could be used to assess an optimal
production schedule
9 CHARACTERISTICS OF GOOD
DECISION
1. Decisions positively impact
others.
2. Decisions are replicable.
3. Decisions foster opportunity.
(Empowers others to act)
4. Decisions include others.
5. Decisions are executable.
9 CHARACTERISTICS OF GOOD
DECISION
6. Decisions is systematic
7. Decisions are accountable.
8. Decisions are pragmatic.
9. Decisions involve self-
awareness.
ANY QUESTION/S?