Questions/Business/ManagementDecision Analysis paper Part 2
The Final Project is designed to help you synthesize the insights and knowledge you have gained about decision making throughout this course and apply that synthesis to a decision problem that matters to you.
This week, you will refine your paper based on feedback received from your Instructor in Week 8.
Write a 4- to 6-page paper, revising and refining the one you submitted in Week 8.
In this paper, also determine states of nature with corresponding likelihoods, as well as potential alternative solutions to the problem, and the utility or payoff associated with each alternative.
Provide a decision tree that captures your decision problem.
Attachments
USW1_MGMT_8045_Week08_projectRubric-instructor feedback..xlsx
week-8-paper.docx
The significance of communicating in enacting decisions.pdf
Before you make that big decision.pdf
Managing stakeholder involvement in decision making.pdf
instruction for week_9.docx
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Attachments
week_8and_9_papers (2) (1).doc
Introduction
Decision making in simpler terms is to choose between the two set o* alternatives ** *** ******* ** ******** ******* *** ** **** **** *** ******* ** ****** *** ** ** considered *** *** ******* ** evaluation *** ******** **** *** *** ******* probability ** effectiveness *** *** *** **** ***** ** ******* *** ***** ** **** ** **** *** *** **** *** ** *** ****** *** lifestyle *** evaluated simultaneously ** * ******* background *** alternatives **** *** ******** *** ******* *** *** ***** ** **** qualifications (Planas-Sitja, Deneubourg, ****** ****** *****
Description ** *** ********
*** ******** ***** ** elaborated ** **** ***** ******* ** ** **** ** **** decision, *** ****** ** ** ** **** *** *** ******* ***** ** ** ** ******* ***** graduation * **** *** alternatives ** ******** **** accountancy ** management ** **** *** ******** *** **** ** **** ** preference ***** ** * ******** **** ****** **** ** ** considering ** **** decisions **** ** *** ***** ** *** ******* *** **** ***** ** ******** ** ** ***** *** ******** ***** *** ** ******* **** **** *** ******** *** expectations ** ** ****** **** ** ******** *** ****** ***** *** associated *** ** ****** *** *** ****** ******* * ****** *******
*** ****** ** ** **** *** ******* ** *** ******* ** *** ** *** **** *** ******** **** intuition *** reasoning ** *** **** ***** ** **** *** selection ** *** ***** **** **** ** **** ***** **** ***** ** **** **** ** **** ** **** ****** ***** ** *** *** ** *** **** important ******** ** ** **** *** ** effective decision-making, ** ** necessary **** *** ******** **** *** *** capability ** ** implemented *** ** ****** ** *** ******** individually *** ******** *** ****** ** *** ******** ** **** Therefore, *** ** ******** ** ** effective * **** ** ****** **** ******** ******** * **** * ****** ** **** ** implement **** ******** ** ** **** *** ******** *** *** ******** ******** ** **
Stakeholders ********
*** ******* stakeholder, ** **** ***** ***** ** ** ** * ***** ** ******** *** **** ** *** ******** *** *** secondary stakeholder, ** **** ***** ***** ** ** ******* ******** ******* management, ******** *** ***** *** stakeholder ******** ** *** ******** ** ** **** ***** ** *** * *** *** ******** ** ***** ** ****** ** ****** *** ** **** ******* subordinate stakeholder ** ** ****** ** **** *** dependent ** *** *** ****** *** *** ***** ** ******* ** ******* *** ** ******* ***** * ** ***** ** ****** ** ****** education *** ** ******* *** **** ** ** ******* ****** *** ****** *** **** ****** ** ***** ****** * ****** ****** ** ***** ****** ** ****** *** ******
******** Environment
*** ******** environment ******** ****** ** ****** *** ******* ** ** * **** ** situation ***** *** ** ******** ******* ******** *** financers *** ******** ***** *** environment ** *** ******** ******** ** insights, ** ******** ** ******* ** ****** ***** *** ** *** ** **** **** ** * ******* ******** ** **** *** ** something ***** **** ****** ** **** *** ****** *****
Explanation
** *** **** *** statement *** ** **** ** ** individual ****** ** ** ******** ****** ** ******* ** ****** * ****** *** ****** * ******* ******** ** *** ***** ***** ****** *** **** ** according ** ** ** ** * ***** ******** *** ******** ** ******* ** ***** ******** ******* ** **** *** **** ** *** ****** ** individual *** **** ******* ** ****** ** ***** ******* *** ******** **** ** ***** importance, ** **** **** ******* ** ******* ** ******* ***** ******** * ****** ** **** ** ***** *** ***** ******** ** ** ***** * **** ******** ** ****** ** *** decision-making ******* ** **** *** ******** ******* *** financers ** ** ****** *** **** consulted *** *** **** ** ****** *** repayment ******* *** ******** ***** *** ******** ** ** **** involves, *** ***** determination ** *** ******* therefore ** ** * ***** ******** ******* ****** *****
***** ** ****** ** ******** ********
Introduction
** *** **** ***** ****** ***** *** *** operations *** ***** ******** ******* ** decisions *** ***** ** **** *** ***** ***** *** ******** ***** contribute ** *** strategic ***** ***** *** ******* ** *** **** *** ******** ** ***** ******* ** *** **** ******** ** *** consideration ** *** ******* *** ******* ** *** *** ******** ** **** ** ***** ******* **** *** ******** efficiency, cost-effectiveness *** *** productivity, *** * ******** objective ** ** *** *** *** ***** ***** ** ** ******* *** ***** ******* *** individual operational ***** *** *** different ******** operations
*** *** decisions *** ***** **** ***** *** ****** ** **** coordinated ** **** *** ******** ** ******* *** **** ***** *** **** ******** * quantitative technique *** **** elaborated ** **** ***** ***** ** popularly ***** ** *** ******** ******** *** ****** *** decisions *** ******* ***** situations ***** *** existence ** *** ******** ** ******* ******** ****** *** ** **** ** * technique ***** ** ******* ** ****** ***** ** ** ** ******* ** ******* ***** ** *** ******** ****** ******* *****
***** *** ******** conditions, ***** ** *** occurrence ** ******* decisions ****** * *** ** **** techniques ** *** quantitative ******** ****** ** **** ** ** ** ******** ******** ** **** *** ******** ***** ** ***** ** **** **** *** ******* ******** situations ***** ******** ** ****** *******
*** ******** ******** **** ** **** *** decision-making ***** ** * *** necessary ** **** ******* * structured, *** * ****** ******** *** **** reflected ** *** ****** ** *** decision- ****** *** collection ** ******** ****** techniques ** *** *** **** ***** ***** ** represented ** *** ******** ******** *** **** ** underlying decision-making ***** ********
***** ** ******
*** ***** ** ****** *** ** **** ** ** ** **** ** ***** ***** ** **** ** ****** ** ******* ** *** ******** ***** *** ******* **** ** * ***** purchasing *** ******* ****** *** ******** ******* *** **** **** ***** ** *** ***** *** **** ******** ****** ** *** ***** ** ******* *** *** ****** ** **** ** dependent **** *** ******* alternatives *** **** *** ***** ** *** character ** *** ******** ***** *** ** ** ***** ****** ****** * ******* *****
*** ******** *** ** ** *** ***** ***** ** ** *** favorable ****** ******** *** production ** * ***** ***** ** producing *** *** ****** ** * ******* ***** ***** ** ****** *** *** ****** ** ****** *** ** ***** ** producing *** ******* ******* ****** ** *** *** ****** ***** *** ***** ***** ** providing * ******* ***** *** *** ***** ***** ** ****** * **** **** *** ** production ** *** ******
* criterion ** * **** decision, *** *** ****** ** *** ******** ** *** ******** ***** ** ******** **** *** ***** ** ****** ** favorable *** **** *** ***** ****** ***** ** ***** ** ***** *** *** *** alternatives ** *** ******** *** *** ** *** ***** ** ******* ****** ** ***** calculated ** deducting **** *** ***** **** ** *** ****** ***** ** ******* **** *** **** **** ***** ** ******* ** *** **** **** ******
*** ******** ***** ****** ***** **** ** *** ******** ***** ***** ***** *** ******* ***** ** ******* *** ****** ***** regarding *** information **** ** available ***** *** **** predicted perfectly **** *** occurring ** ***** ***** ** ****** ** ******* *** **** *** ******** ** ***** ** ** **** ***** **** ** **** ****** ** *** ***** ** ******
*** ***** ** *** ****** ** accountancy **** ******* *** *** ***** ** *** accountant ** *** ** *** organization ******* ***** *** **** **** ******* ***** ***** ** ****** *** **** *** **** ****** ****** ******* *** **** ******** ** ** **** **** *** *** ** *** ***** **** **** ** ** ** *** management **** ** ****** ***** **** ** ****** **** particular ***** ***** **** advertising ** ***** department ******** *****
*** ******** *** ** ** *** ****** *** ** * **** ******** ***** *** *** ******** decisions *** ***** ***** *** ***** ** *** reasoning, *** *** available **** *** considered *** ***** **** ** ******** alternatives *** **** considered *** * quantitative ******** ** ******** ** *** ***** ***** ***** ** ** ******* ******** ***** ******** *** ** ** *** *** ******** ******** *** *** **** ***** ** available ** *** considered, *** *** *** ******** alternatives *** **** ******* ***** **** *** *** quantitative ******** ** **** *** ********
Alternatives ** *** respective ********
*** ****** ****** ** different **** **** ** *** ******** ***** ***** ***** ****** *** decisions, *** perspective ****** ** ******** *** ***** *** *** **** ******* ******* *** **** ** alternatives *** ** **** ** *** respective ******** ***** *** ***** ***** ** *** ** *** ******** ****** *** **** ** *** ******* *** ***** ******* ** ** *******
** *** requirement ** **** information *** ****** *** ** ****** *** ******** ****** ******* *** **** information ** *** *** ******* ** ******* **** ***** ** ***** **** ** **** ** *** information collected, **** ** **** ** **** ** **** *** ********
** **** *** solutions *** *** solutions ****** ** ***** ***** ****** ** ***** different **** *** ******** **** **** *** *** solutions *** ******** ***** *** ******** ****** *** ** **** **** *** different **** *** ******* ***** ** ******* **** **** alternative ** **** **** **** *** ***** perspective *** ****** *** *** situation *** ***** ** **** ** ******* ****** ****** *****
** ******* *** opposition *** ******** ***** ***** ****** *** ******** *** ***** **** ** ***** **** ***** ****** **** *** opposition ** *** opposition ** **** **** *** ******** ***** **** understand **** **** *** ******** ** *** *** ** **** *** *** ***** ** ******* *** ******* ** **** ** **** *** opposition ** ***** ** ******* *** ***** ******* ** *** ******** ***** *** *** ****** *** **** *** ** ******* ****
** *** **** promising *** *** ******** **** *** decisions *** ** ** ****** **** **** ** **** **** **** confidence *** *** **** *** ******** **** *** decisions ****** ** **** ** * *** **** *** **** excitement ** **** *** ****** *** **** **** ** ** ******* *** ******* ** **** alternative ** **** **** *** decisions *** ***** **** * ******* ******* *** achievement ** *** **** ** **** **** *** *******
******** ****
**** ******** **** ** ***** ** *** ******* ***** ***** *** available **** * ****** **** ** *** ****** *** *** different alternatives ***** *** available ** different ******** ****** * ******** **** ** * **** ***** ******** *** ******** ***** **** *** **** ** *** **** ** * ***** ** ***** *** **** *** consequences ***** *** ******** including *** **** ** *** resource, ****** ** *** ***** **** *** *** ******* *** ** *** **** ** ***** *** algorithm ** displayed ** **** ** ** *** ******** ****
* ******** **** *** ** **** ** ** * **** ***** ***** ** ****** *** decisions **** *** **** ** * ***** ***** ** * **** **** ***** **** **** ***** ** *** ****** *** **** **** ** *** individuals ** **** ***** decisions *** **** *** consequences ***** *** relatively ******** **** *** ******** **** ** *** resources *** *** ***** **** ******* ******** *****
**** *** ******** **** ***** *** **** ***** ***** **** **** *** ***** ******* *** *** ** **** ***** *** probability *** ** ****** ** ****** **** *** **** ***** ** ***** *** **** accordingly *** percentage ** *** probability **** **** ** * *** *** ***** ** *** probability ** *** **** **** ** ** ******* **** *** ** *** ***** **** * **** **** ***** ** *** probability **** ** ** ******* ****
References
***** ** ******* * * ******** * ****** ******** ****** Descriptive, normative *** prescriptive interactions Cambridge *****
****** * ****** ******** ******** ****** ****
******* ** * ****** * * (****) Rational ****** ** ** ****** world (*nd *** ******** ***** ** ****
****** * ****** ******** ****** ****** ******* *** ****** decisions ****** ****
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