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SNHU Data Informed Rational Decision Making Model Research Paper

SNHU Data Informed Rational Decision Making Model Research Paper

Question Description

First, choose at least two rational decision-making models appropriate to the scenario. Then, make the decision of which models best apply to the decision-making details in the supporting document. Using the tools or framework provided by the decision-making models, make an initial decision. Use a format that makes the most sense for this; different formats (e.g., flowchart, bullets) work better for different models. You will need to explain your decision-making rationale (process). Finally, you will need to include how irrationality, people, and other considerations change the output of one of the rational decision-making models.

  • The managers are keenly interested in what information was included in the decision-making process and what you deemed extraneous. Make sure to include how you parsed the information into “important” and “not important” categories for both rational decision-making models.
  • Label each step of both rational decision-making models as you apply them to the scenario. Additionally, clarify what information you are using, or what smaller decision is made in each step.
  • Of particular interest to the managers will be your rationale for decision making and the process you used. To ensure the managers fully understand your process and decision, include the following:
    • Describe places of convergence and divergence in the processes as well as, perhaps, the final decisions of each rational decision-making model.
    • As needed for clarification, elaborate on the importance of the divergences and which model produced the best choice in your opinion, adopting one or more technologies—or not.
  • Because your new owner believes in taking as many variables into account as possible, amend the initial “rational” decision in some way that shows nonrational decision-making factors were taken into consideration. Some possible enhancements may relate to time, scope, or cost. While working, closely consider the following:
    • Include whether there is information needed that is not provided, and how that may influence the decision.
    • Include any discrepancies between one or both rational decision-making models and the more flexible nonrational models.
    • Include what aspects you considered that weren’t included in the rational models.

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