Business Studies

Chapter 6 of the Mooz text provides an algorithm for identifying types of decisions and provides a road map for matching decision models to the characteristics needed when using each model.

Pick a critical decision from your own life and one of the decision models in chapter 7 or 8 (e.g., Fact Based in chapter 7) and complete the road map suggested for that model. Completing the road map requires that you identify the name of the specific method that should be used, for example, Fact based=>Rank Sums Process. For the characteristics you need to identify both the type of characteristics (e.g. Criteria ranking sums) and the specifics (e.g. listing the criterion for each alternative and the resulting sums). (An example for Fact Based models can be found in figures 7.1-7.4.) give a detailed summary of your results.

 

 

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