Archive | Decision Making

Decision Making: Process and Theories | Management

In this article we will discuss about:- 1. Stages of Decision Making 2. Types of Decisions 3. Process 4. Theories 5. Organisation. Contents: Stages of Decision Making Types of Decisions Decision Making Process Theories of Decision Making Organisation of Decision Making 1. Stages of Decision Making: In an important sense, management is synonymous with decision making. About the stages in [...]

By |2017-03-04T15:07:53+05:30March 4, 2017|Decision Making|Comments Off on Decision Making: Process and Theories | Management

Organising a Decision Support System Development | Organisation

Two basic things are necessary in organising a decision support system development are:- 1.  Central Data Bank 2. Information Centre. (i) Central Data Bank: It is the core of a decision support system. Information in one area of an organisation is made readily available for. decision making in other areas through the use of a central data bank. Recent developments [...]

By |2017-03-04T15:07:49+05:30March 4, 2017|Decision Making|Comments Off on Organising a Decision Support System Development | Organisation

Heuristic Model and Programming Used in Decision Making | Management

In this article we will discuss about the concepts of heuristic model and heuristic programming used in managerial decision making. Heuristic Model: The term 'heuristic' means serving to discover or to stimulate investigation, in a literary sense. In its technical sense, heuristic is frequently associated with the simulation of human problem-solving techniques by means of computers. Heuristic model refers to [...]

By |2017-03-04T15:07:48+05:30March 4, 2017|Decision Making|Comments Off on Heuristic Model and Programming Used in Decision Making | Management
Go to Top