Malwa Institute Of Technology

TOPIC:- Models of Decision

Making

Presentation Created By :-
SONAL KANODIYA
MBA 1st semester
 What is Decision Making ?
A decision-making model is a structured process used to guide teams to make decisions. Each decision-maker
model uses different methods to help you analyze and overcome a particular challenge. Because decision-maker
models take different approaches, they’re useful for people with different learning styles or time constraints.
 Model Of Decision Making
• 1. Rational Model
• 2. The Intuitive Model
• 3. Recognition Primed Model
• 4. Vroom-Yetton Decision Making Model
• 5. Bounded Rationality Model
 1.Rational Decision Making Model
The rational decision-making model suggest that you follow a
sequence of steps in order to find a solution to the problem. It’s
quite simple start by defining the problem and then identify the
criteria that you will use to brainstorm possible solution. Next you
should decide how important each criterion is and create a list of
possible alternative. Take sometime to evaluate those alternative
and then determine the best solution.
 2. The Intuitive Model
You know how you always hear, “ go with Your gut” ? This might
sound crazy , but often our institution inherently knows which
decision is going to be best for us. You’re still following a decision
making model, even when you make a decision intuitively. Our brains
need to take steps in order to come to any kind of decision so trust
that your instincts is more than just a feeling thought. We use our
knowledge and prior experience in order to come to a decision.
 3.The Recognition Prime
Model
The decision making model is similar to the intuitive decision model,
except for it’s little more structured. It goes something like this see if
you can recognize any kinds of pattern in the information that’s
available to you. Pick a way that you think you could take a action on
this and run it through your head. Methodolising how the situation
could best be mitigate. If the scenario plays out well and make sense to
you, Go for it. If it seems like there’s stills some gaps in coming to a
solution. Make modifications or drop it before you try playing thorough
your next course of action.
 4. Vroom-Yetton Decision Making Model

The Vroom-Yetton model supports the vision that the best solution to a
problem is contingent on your specific situation. This decision-making
model poses seven yes or no question things such as, “Do I want sufficient
information to make a high quality decision? “ Your answer to 7 question
then bring you to choose one of five decision making processes. The out
come of this model is choosing on a continuum from making a completely
independent, autonomous decisions, to engaging with Your team to reach
a collective group decision.
 5. Bounded Rationality Model

The bounded rationality model is all about doing as best as you

can, with the time that you have available. It’s not about
dissecting every possible solution and creating an elaborate
plan, but trying to find something that’s feasible enough to
implement pronto.