nIM5713701 Human Decision Models and Applications (人為決策模式與應用) Spring 2014 – Tuesday morning T2, T3, T4 (09:30 am ~ 12:20 pm) Catalog Data: Credit: 3 Classroom and Schedule: Class: IB 510-2 Tuesday: T2, T3, T4 (09:30 am ~ 12:20 pm) Prerequisite: Prior knowledge of Statistics, Finance, Engineering Economics, and Cognitive Science will help understanding some topics in great detail, but they are not required. Goal: To develop an understanding of uncertainty, cognitive processing models, and naturalistic
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Informatica Economică vol. 13, no. 2/2009 103 Computer-Based Decision Support for Railroad Transportation Systems: an Investment Case Study Luminita DUTA1, Adrian BITULEANU2, Florin Gheorghe FILIP3, Ion ISTUDOR4 1 Valahia University of Tîrgovişte, Tîrgovişte, Romania, duta@valahia.ro 2 National Railroad Company, Craiova, Romania, adrianbituleanu@yahoo.com 3 The Romanian Academy - INCE and ICI, Bucharest, Romania, ffilip@acad.ro 4 Valahia University of Tîrgovişte, Tîrgovişte, Romania
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long term?” To properly answer that question she must use the three levels of need criteria and assess the suppliers. The first level is the strategic level; in this level decisions are made based on the goals of the organization. A decision tree could be an essential aide in helping her make the best possible choice. Decisions trees are comprised of each possible option, analyzing the possibilities of success or failure. Victoria needs to decide which of the four suppliers are capable of meeting the
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Economics Decision-Making Process Name Institution Economics Decision- Making Process According to (Anderson & Sweeney, 2000) managers and economists use the decision-making process to analyze economic models. Decision-making process involves selection of the best alternative from many choices. It involves setting goals to make decisions, assessing alternative occupations and gathering information. When analyzing economic models, managers and economists note that there are fundamental
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Properties 1) FRAMING THE DECISION 1.a) Decisions a) He can exercise the option and buy the land. In this case, the possible decisions are: a.1) Sell the land without any development a.2) Develop the land with a development cost of £ 5 million and the sell it for a higher profit b) He can avoid to exercise the option and invest in another investment that will give to him a certain profit. c) Try to negotiate an option extension in order to be able to delay his decisions until the suit is settled
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Limitations of Rational Decision-making Managers as Decision-makers The Rational Model Non-rational Models Decision-making Process Types of Managerial Decisions Programmed Decisions Non-programmed Decisions Decision-making Under Certainty, Uncertainty and Risk Management Information System vs Decision Support System The Systems Approach to Decision-making Group Decision-making Forms of Group Decision-making Decision-making Techniques Summary Decision-making describes
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Exotic Adventures Inc: The Amazon River Voyage Case Synopsis Exotic Adventures Inc (EAI) operates voyages along the full length of the Amazon River from Belem, Brazil, on the Atlantic Coast to Iquitos, Peru. They normally operate in high water season and were now offering trips during the low water season also. Unfortunately EAI received reports from Brazilian authorities that waters were unusually low this year but Peruvian authorities indicated all was fine. State the Assignment Question Due
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development strategies are changing during current business climates. Business has become more complex, more demanding, and operating speeds have increased, therefore business decisions must be more accurate, timely, and provide competitive advantages. Also businesses have been charged with the challenge of making decisions that are socially and environmentally friendly, which further complicates resources constraints. Key theories The key theory approached on the article is sustainability, the
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|Decision-Making Analysis[1] | The Components of a Decision Problem 2 Decision Making under Uncertainty 3 Maximax Procedure 3 Maximin procedure 4 Equal Likelihood Procedure 5 Minimax Regret Procedure 5 Decision Making under Risk 6 Maximizing Expected Gain 6 Minimizing Expected Regret 7 The Expected Value of Perfect Information 8 Summary 17 Discussion Questions 18 Solved Problems 18 Problems 24 Key Terms 31 |The Components of a Decision Problem
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paperless has some specifics at Company X that make it attractive. The organization is already recycling as much paper as it can within the office, but that only goes so far. If Company X could reduce the amount of paper it uses it reduce the amount of trees being cut down and the pollution put off during the recycling process. Company X fills up 4 – 26 Gallon Recycle bins per month with paper and we shred another 4 - 30 gallon bins, I am assuming the bins being shredded are also being recycled. Much
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