Defination of DMP :
Defination of DMP Decision Making is the Cognitive process leading to the selection of a Course Of Action among Alternatives
According to Rollinson:- Decision making is the process of producing a solution to a recognized problem
Stages of DMP :
Stages of DMP Identifying n Diagnosing a problem
Generating alternative solutions
Evaluating alternatives
Selecting best alternative
Implementing d Decision
Evaluating d decision
Decision Making Model :
Decision Making Model Manager- a model of Decision Making
Following are the DMM
The Classical Model of DM
The Administrative Model of DM
The Herbert Simon Model of DM
ThE ClassicaL ModeL :
ThE ClassicaL ModeL Rational economic model
Decisions made thru 3 activities:-
1. seeking to ask rite questions
2. continuous by discovering creative answers
3. & finishes by making sure dat d chosen alternative is valuable
Advantage of TCM is to indicate a rational approach dat can b applied to buss.
ThE AdministrativE ModeL :
ThE AdministrativE ModeL It’s a Dercriptive Approach
Based on the work of Economist like Herbert A.
It Helps to overcome the deficiency of present decision-making support system
The Framework are analyzed elaborately