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3.1 introduction decision theory

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Vishal Tidake
Vishal Tidake

Decision Theory Introduction and Steps.

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www.sanjivanimba.org.in Unit No.3. DECISION SCIENCE Presented By: Dr. V. M. Tidake Ph. D (Financial Management), MBA(FM), MBA(HRM) BE(Chem) Professor & Head Dept. of MBA 1 Sanjivani College of Engineering, Kopargaon Department of MBA www.sanjivanimba.org.in
www.sanjivanimba.org.in 302-DECISION SCIENCE Unit No.3. Decision Theory 3.1 Introduction to Decision Theory Presented By: Dr. V. M. Tidake Ph. D (Financial Management), MBA(FM), MBA(HRM) BE(Chem) Professor & Head Dept. of MBA 2 Sanjivani College of Engineering, Kopargaon Department of MBA www.sanjivanimba.org.in
www.sanjivanimba.org.in DECISION THEORY  At the End of the Session Student will be able to understand- A. Introduction to Decision Theory
www.sanjivanimba.org.in Decision Theory Decision Theory is a mathematical approach towards selecting the best alternatives from amongst various alternatives in the context of Business Decision Making.
www.sanjivanimba.org.in Steps in Decision Making • Problem Identification. • Objective Definition. • Data Collection. • Development of alternatives. • Evaluation of alternatives. • Selection of the best alternative.
www.sanjivanimba.org.in EXERCISE  List down where can we use the knowledge of Decision Theory in solving the real life Business Problem.
www.sanjivanimba.org.in For More Details Contact Dr. V M Tidake tidkevishal@gmail.com tidkevishalmba@sanjivani.org.in
www.sanjivanimba.org.in Thank You

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3.1 introduction decision theory