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DECISION-MAKING MODEL ANALYSIS Decision-Making Model Analysis Decision-Making Model Analysis Introduction Although experienced managers depend on valid and reliable information, exactly how information enters into the decision-making process is not always clear. Decisions that are effective and efficient must also be rational. Many organizations strive to achieve maximum outcomes related to their goals through a decision-making process of problem-solving. The rational model of decision-making is based on assumptions. First, a set of possible results are known and optimal outcomes are assumed with a high degree of confidence. Next, calculations are based on similar events, assuming what affected past outcomes will similarly affect future outcomes. The rational decision-making process consists of five basic steps. First, the individual must define the problem. Second, the individual must identify the criteria. Third, the individual must identify all possible consequences of each alternative. Fourth, a set of alternatives must be developed. Fifth, assessment of the...

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