module.4.session1.thursday

module.4.session1.thursday -...

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Module 4:  Decision Support and Artificial Intelligence Session 1: Managerial Decision Making
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As you watch this short video write out answers to  the following questions: What are people in this job responsible for? What do these professionals actually spend their time  doing? What specific decisions do they have to make?
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How did you pick Pitt? What alternatives did you consider?  What information did you use to decide? What criteria did you use to pick between your  options? What process did you use to make your decision? Is your college decision an example of rational  decision making? Why or why not?
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Put decision into effect; allocate resources; control Conceive alternatives; select criteria Use criteria to evaluate and choose among alternatives Collect information; identify problem How well does  this describe the  process you used  to select a  college?
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Put decision into effect; allocate resources; control Conceive alternatives; select criteria Use criteria to evaluate and choose among alternatives Collect information; identify problem Tools for gathering, organizing, and storing information Tools for recording options and criteria Tools for comparing and contrasting alternatives and analyzing the relative importance of different criteria Tools for monitoring performance and outcomes
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A friend asks you if you’d like to get a snack and  talk.  After you agree, the friend asks:  “Where  should we go?” What’s your answer? Why did you choose that place? How did you pick that place? How did the ‘process’ you used for this decision  differ from the one you used to pick a college? 
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Rational, systematic decision-making “After comparing the options, we considered how they rated on  multiple, and selected the optimal choice” Criteria based decision-making (i.e. satisficing) “I picked the cheapest one I could think of” Heuristic based decision-making “I picked to one that I had been to before.” Which one best 
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This note was uploaded on 10/29/2009 for the course BUSMIS 1060 taught by Professor Robbins during the Fall '09 term at Pittsburgh.

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module.4.session1.thursday -...

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