Rational Decision Making Model
The
Rational Decision Making Model is a model which emerges from Organizational
Behavior. The process is one that is logical and follows the orderly path from
problem identification through solution. It provides a structured and sequenced
approach to decision making. Using such an approach can help to ensure
discipline and consistency is built into your decision making process.
ü Defining
the problem: This is the initial step of the rational decision making process.
First the problem is identied and then defined to get a clear view of the
situation.
ü Identify decision criteria: Once a decision maker has defined the problem, he or she needs to identify the decision criteria that will be important in solving the problem. In this step, the decision maker is determining what’s relevant in making the decision.This step brings the decision maker’s
interests,
values, and personal preferences into the process.
ü Weight the criteria: The decision-maker weights the
previously identified criteria in order to give them correct priority in
the decision.
ü Generate
alternatives: The decision maker generates possible alternatives that could
succeed in resolving the problem. No attempt is made in this step to appraise
these alternatives, only to list them.
ü Rate each
alternative on each criterion: The decision maker must critically analyze and
evaluate each one. The strengths and weakness of each alternative become evident
as they compared with the criteria and weights established in second and third
steps.
ü Compute
the optimal decision: Evaluating each alternative against the weighted criteria
and selecting the alternative with thehighest total score.
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