Ch_6_Generating_Solution_Alternatives

Ch_6_Generating_Solution_Alternatives - Generating Solution...

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1 Generating Solution Alternatives IE 226 IE 226 2 Economic Decision Process Economic Decision Process 1 Problem (need or opportunity) Recognition and Definition 2 Generation of Solution Alternatives 3 Development of Feasible Solution Alternative Cash Flows 4 Economic Evaluation of Alternatives, including cases under uncertainty and risk 5 Selection and Implementation of Best Alternative 6 Post-implementation Analysis and Evaluation
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3 2. Generation of Solution Alternatives 2. Generation of Solution Alternatives Once a problem or opportunity has been defined, the next step in the process is to generate possible solutions. This generally coincides with the engineering design process 4 Group Decision Making: Pros Group Decision Making: Pros Greater sum of knowledge Greater diversity of ideas Ability to “piggyback” ideas Feeling of inclusion
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5 Group Decision Making: Cons Group Decision Making: Cons Dominance by few members Intimidation Social pressure to conform Often satisfy, not optimize
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This note was uploaded on 01/24/2011 for the course IE 226 taught by Professor Tonkay during the Fall '09 term at Lehigh University .

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Ch_6_Generating_Solution_Alternatives - Generating Solution...

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