All entries for Monday 11 March 2013

March 11, 2013

Decision making models

Starting to work on my PMA I thought, - what can be my approach in analyzing how our group was reaching every decision? I mean, when doing critical analysis, shell I go straight into the comparing and contrasting the methodologies, or it will be better to work on different types of judgments that we made? I guess, the approach to this analysis should be more holistic. To be more specific, the whole model of how the decision was made can be studied in details, taking into consideration its main elements: processes, tools and resources. However, doing analysis in such way could be very difficult as, firs of all, the researcher will have to decide on model that he or she will use.

Let’s consider the most common decision-making models:

  1. The Rational Model (uses mainly quantitative analysis; it assumes if the a given variable cannot be assigned a numeric value, it should be disregarded; applied in closed environment with precise number of variables);
  2. The Organizational Model (combines the behavioral approach with quantitative analysis; consider external environment; oriented towards short-term results; the decisions that have to be made can contradict to each other, therefore the target is not to reach a maximum of advantages but an acceptable level of satisfaction);
  3. The Process or Managerial Model (also combines the behavioral approach with quantitative analysis; also considers external environment; oriented towards long-term results).

Choosing from those three, it is obvious that the Rational Model will be the least preferable, as its main focus on numerical data and closed environment. We can consider to apply either Organizational or Managerial Models, but!!! it’s better to decide on the last one, as it more long-term oriented and have has a planning mode which is not apparent in the organizational model. Thus, after making decision on the model that is appropriate to current situation with Wave Riders, I can now move forward to compare proposed model with th? actual one that were applied in our team...


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