Question

In: Operations Management

When and why might you choose to weight the selection criteria for solutions? Provide an example.

When and why might you choose to weight the selection criteria for solutions? Provide an example.

Solutions

Expert Solution

We need to choose to weight the selection criteria for solutions when we are going to take a decision not for our personal benefit but for the team or some professional decisions where your decision will affect not you but your organization. During decision making we need to weight the selection criteria for solutions which are giving by different people as per their point of view. Everybody have their different level of thinking and will give different solutions for a particular problem so we need to consider their opinions so that at the time of decision they can accept the final decision.

For example:- If we take an example of a team leader where he/she needs to take a decision for the team then he/she should share the issue with the team members and needs to listen their solutions then only the final decision will be in favor of the team. If the team leader did not communicate or asks about the solutions then the team members will get demotivated and that will definitely affect the productivity. Nobody will ready to accept the decision. So being a team leader everyone needs to choose to weight the selection criteria for solutions so that best solution can be implemented.


Related Solutions

Provide an example of when you might want to take a stratified random sample instead of...
Provide an example of when you might want to take a stratified random sample instead of a simple random sample and explain what the advantages of a stratified sample might be
Explain why discounted cash flow techniques provide better criteria for project selection then net profit or...
Explain why discounted cash flow techniques provide better criteria for project selection then net profit or return on investment.Also discuss the need of Cost Benefit Analysis in Software Development with proper diagram and explanation .What is the difference between Cost benefit Analysis and Earned Value Analysis with proper easy explanation and diagrams in Software project management Subject.
Give a real world example of where you might apply 'activity-based depreciation'. Why would you choose...
Give a real world example of where you might apply 'activity-based depreciation'. Why would you choose it over other methods? Provide an explanation of how it works, including how you might record a monthly expense.
Explain why there are differences and discrepancies in the recommendations of the four selection criteria. (...
Explain why there are differences and discrepancies in the recommendations of the four selection criteria. ( NPV , IRR , Pay back period and Profitability Index )
Choose a variable that will allow the use of dependent samples. For example, you might wish...
Choose a variable that will allow the use of dependent samples. For example, you might wish to see if a persons’ proficiency at softball has changed/improved after a training camp. Do not use variables that are presented in the course in order to illustrate the concept. Select a sample of data (10 to 20) value pairs (e.g. before and after), and then complete the following: i. Show the computations of the sample statistic, the standard deviation of the    differences...
Choose a variable that will allow the use of dependent samples. For example, you might wish...
Choose a variable that will allow the use of dependent samples. For example, you might wish to see if a persons’ proficiency at softball has changed/improved after a training camp. Do not use variables that are presented in the course in order to illustrate the concept. Select a sample of data (10 to 20) value pairs (e.g. before and after), and then complete the following: e. State how the sample was selected. f. Show the raw data in a table....
Provide an example of a logical excel function and describe a situation when we might use...
Provide an example of a logical excel function and describe a situation when we might use it in a spreadsheet. How can we work with spreadsheets that contain large numbers of rows and columns and not lose our place or get lost in what we’re looking at. Your main post should be at least 250-300 words long. -spreadsheet management.
Provide an example of a logical excel function and describe a situation when we might use...
Provide an example of a logical excel function and describe a situation when we might use it in a spreadsheet. How can we work with spreadsheets that contain large numbers of rows and columns and not lose our place or get lost in what we’re looking at. Your main post should be at least 250-300 words long. -spreadsheet management.
10. Give an example of how the problem of adverse selection might prevent you from getting...
10. Give an example of how the problem of adverse selection might prevent you from getting financing for something you want to do. Can you think of a way of overcoming this problem?
Why and when would you want to use ANOVA in marketing research? Provide an example where...
Why and when would you want to use ANOVA in marketing research? Provide an example where you would use ANOVA. Please make relevant to MARKETING research!
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT