Prof. Swanand Deodhar [email_address]
<ul><ul><li>Process </li></ul></ul><ul><ul><ul><li>What  (Problem formulation)  </li></ul></ul></ul><ul><ul><ul><li>Why  (...
Individual Decision Making Group-level Decision Making Inter and Intra Functional Decision Making Inter-Organizational Dec...
Impact Frequency Strategic Decision Making Operational Decision Making High Impact, Low Frequency High Frequency Low Impact
<ul><ul><li>Decision Tree </li></ul></ul><ul><ul><ul><li>Based on idea of information theory </li></ul></ul></ul><ul><ul><...
<ul><ul><li>Can you critique a decision? </li></ul></ul><ul><ul><li>On what grounds can you critique a decision? </li></ul...
<ul><ul><li>Is the problem being identified correctly </li></ul></ul><ul><ul><li>Why a particular situation is being defin...
<ul><ul><li>Is there a possible route that has been left out?  </li></ul></ul><ul><ul><li>Is there a rationale for leaving...
<ul><ul><li>Are contingencies being handled? </li></ul></ul><ul><ul><li>If a contingency is being left out then what is th...
<ul><ul><li>Have all the resource dependencies being identified? </li></ul></ul><ul><ul><li>If a resource is available, th...
 
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Decision Making Concepts: A Review

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Decision Making Concepts: A Review

  1. 1. Prof. Swanand Deodhar [email_address]
  2. 2. <ul><ul><li>Process </li></ul></ul><ul><ul><ul><li>What (Problem formulation) </li></ul></ul></ul><ul><ul><ul><li>Why (Problem rationale) </li></ul></ul></ul><ul><ul><ul><li>Which (possible solutions) </li></ul></ul></ul><ul><ul><ul><li>How (Operationalizing and selecting solutions) </li></ul></ul></ul><ul><ul><ul><li>Outcome (evaluation) </li></ul></ul></ul><ul><ul><li>Contingency </li></ul></ul><ul><ul><li>Dependency </li></ul></ul><ul><ul><ul><li>Individual, Functional, Organizational </li></ul></ul></ul><ul><ul><li>Equilibrium </li></ul></ul><ul><ul><li>Data </li></ul></ul><ul><ul><ul><li>Validity (Is the correct data being leveraged?) </li></ul></ul></ul><ul><ul><ul><li>Reliability (Is the data being leveraged correctly?) </li></ul></ul></ul>
  3. 3. Individual Decision Making Group-level Decision Making Inter and Intra Functional Decision Making Inter-Organizational Decision Making
  4. 4. Impact Frequency Strategic Decision Making Operational Decision Making High Impact, Low Frequency High Frequency Low Impact
  5. 5. <ul><ul><li>Decision Tree </li></ul></ul><ul><ul><ul><li>Based on idea of information theory </li></ul></ul></ul><ul><ul><ul><li>Provides a set of rules for making a structured decision </li></ul></ul></ul><ul><ul><li>Modified Delphi Technique </li></ul></ul><ul><ul><ul><li>Based on idea of consensus building </li></ul></ul></ul><ul><ul><ul><li>A group moderator looks to build a synergy between multiple (and often competing views) </li></ul></ul></ul>
  6. 6. <ul><ul><li>Can you critique a decision? </li></ul></ul><ul><ul><li>On what grounds can you critique a decision? </li></ul></ul><ul><ul><li>The simplest way to critique a decision is to evaluate a decision on its components </li></ul></ul><ul><ul><ul><li>Problem definition </li></ul></ul></ul><ul><ul><ul><li>Number of options considered </li></ul></ul></ul><ul><ul><ul><li>Handling of contingencies </li></ul></ul></ul><ul><ul><ul><li>Identifying dependencies </li></ul></ul></ul>
  7. 7. <ul><ul><li>Is the problem being identified correctly </li></ul></ul><ul><ul><li>Why a particular situation is being defined as a problem? </li></ul></ul><ul><ul><ul><li>Different humans will interpret a problem differently </li></ul></ul></ul>
  8. 8. <ul><ul><li>Is there a possible route that has been left out? </li></ul></ul><ul><ul><li>Is there a rationale for leaving out that route? </li></ul></ul>
  9. 9. <ul><ul><li>Are contingencies being handled? </li></ul></ul><ul><ul><li>If a contingency is being left out then what is the impact of this contingency? </li></ul></ul>
  10. 10. <ul><ul><li>Have all the resource dependencies being identified? </li></ul></ul><ul><ul><li>If a resource is available, then have the contingencies for the same being handled? </li></ul></ul>
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