D081 Task2 Attempt 1

Use sensitivity analysis to determine which decision is the best when the probability of S1 is 31%, 67%, and 81%. OC, D. A OD, B. C B, C, D B, D, C OA, B, D Decision s1 15 17 19 22 A B States of Nature (1-P) C D s2 -8 ܘ -2 -9

For each of the following risks, A. state the appropriate method you would use to respond to the risk. The three methods to choose from are: Avoid the risk or Mitigate the risk or Accept the risk. Do not repeat your choice. Each choice only applies to one risk.B. Motivate your selection; C. Provide one example of the action you take to try to resolve it

What is the answer for this number 1?

Scenario 1Use the five-step decision-making process to analyse the following situation and recommend acourse of action: You are in charge of granting all computer hardware service contracts for your employer, which areworth more than $30 million annually. You casually indicated that you were seeking to buy a new carand that you particularly liked the Audi automobile but that it was very expensive in recent emailswith the company's current service provider. You are taken aback when the service provider texts youthe phone number of the sales manager at a nearby Audi dealership and advises you to call him. Theservice provider claims that because of his close friendship with the dealership's owner, he will be ableto offer you a fantastic price on a new Audi. Could it appear that you were asking for a bribe if yourmanager saw a copy of the texts you sent to the contractor? Could you classify this offer as a bribe?How would you respond?

There is a case in attache . Examine this case. and write possible decisions and the possible consequences (positive or negative). Determine positive and negative consequences for each decision. Thank you!

1. What is benchmarking? And how should it be implemented?  2. Define three common decision-making biases and give an example of each.

Case1: A company that was been able to gain a good market share in the past has experienced many conflicts within the company. Its market share is also declining, and managers are in competition for resources from the company. At what stage of the life cycle is this company? What is your suggestion to the manager of this company?

Your Task For each scenario, discuss the following: - What is the issue (there may be more than 1)? - Who are the parties affected? - List and explain 2 alternatives for handling each situation o Discuss 2 pros and 2 cons for each alternative - What is your conclusion? Discuss the best way to handle each situation - use reasoning to justify your decision Situation You are the owner of a small craft store. When doing the scheduling, you put Judi on the Friday shift. On Tuesday, Judi comes to you and says that she cannot work. You remind Judi that she needs to tell you the days she is unavailable at least one week in advance. You insist that she work on Friday. At 7:00 a.m. on Friday, Judi calls in sick. You must take Judi's shift-giving up your only day off. When making deliveries for the store, you see Judi eating lunch on Friday in a local restaurant.

Answer the following MCQ questions.  1) When Delroy draw on well-developed procedures in his job of grocery store inventory clerk to determine which products to stock first, he is making which type of decision? a) Tactical b) Programmed c) Operational d) Non-Programmed 2) Identifying a problem and matching it with established routines and procedures for resolving it is a ? a) Tactical decision b) Programmed decision c) Operational decision d) Non-Programmed decision 3) Crystal is a marketing manager who is deciding how to allocate the financial resources among three different product launches over the next three months years. Crystal is making a ? a) Strategic decision b) Operational decision c) Tactical decision d) Opportunistic decision

True or false .5. There is no good-for-all basis for decision-making.

Can you do the decision tree?

1. 'Statistically we expect that good decisions will lead to favourable outcomes more often than will either poor decisions, or decisions reached by default. In a sense, this is a statement of faith on which all Examination questions and answer notes 337 rational approaches to human affairs are based' (Amara and Lipinski). Discuss this statement, and assess the value of the analytical decision approach as an operational tool of management decisionmaking..

Your Task For each scenario, discuss the following: - What is the issue (there may be more than 1)? - Who are the parties affected? - List and explain 2 alternatives for handling each situation o Discuss 2 pros and 2 cons for each alternative What is your conclusion? Discuss the best way to handle each situation - use reasoning to justify your decision Situation You manage a catalog phone center|where each of your 20 workers answers phones all day in one of four cubicles. You have just received another complaint from one of the women in the department. She is disturbed because one of the workers in her cubicle has put pictures of women in bathing suits up all over his workspace. She finds this offensive. She had asked him to remove the pictures, but he refused. This is the second time a complaint of this nature has taken place. Last time you switched him to another cubicle.

Give 2 examples of programmed decision and 1 programmed decision. Situation: The things that you're doing in your daily lives

Read the decisions below and identify which type of decision (Structured, Semi Structured, Unstructured) each one is. Decision Decision Structure (Structured, Semi Structured, Unstructured) The process of hirng a new employee in a company. A company deciding to close all physical shops and selling only online. Because of the Covid 19 Pandemic most companies allowed employees to work from home. Restocking inventory when products run out.

A decision-maker typically uses the 7 measures to implement management science tools. What are these? What are they? Lists each move and provide examples.Requirement: the explanations should be a case or a situation

⦁    A.  How do managers  use cost behavioral patterns to make better future decisions? Briefly discuss with at least two examples.

8 Suppose you are planning to purchase a new mobile phone. Describe your views in terms of “Customer Decision-Making” process.

To assist in their promotions and appraisals, Mazen analyzed and graded the performance of his team members for the previous year. He is sure of his decisions, and the various outcomes, as he had all the needed information. This type of environment that is ideal for decision making is known as a(n) Uncertain environment. Risk environment. Certain environment. Threat environment.

05) what do you understand by rational decision making? How and what accepts will and should be used while reaching a decision? Part II) What is bounded reality decision? Why is bounded reality important and how can it be used to achieve a good result in achieving a rationally bounded reality? Part III) what are rational decision making steps understood by you explain all 7 in your own words? ch f10 Inum Ik $ 8 ( % & 3 ( 4 6 7 8 E R 6 P |困