In: Economics
The six basic steps in decision making:
1-Define the Problem
2- Determine the Objective
3- Explore the Alternatives
4- Predict the Consequences
5- Make a Choice
6- Perform Sensitivity Analysis
Write 3 to 4 page analyzing problem at work can be used in the final paper, the purpose of this paper is to utilize Step One of the Six Step Decision Making Model and identify a problem. The First assignment is just an identification of a problem, explain the problem and the context of the problem in as much detail as possible. Think of something to fix that work with every day. Make sure that the problem is one that can quantitatively evaluate. Make sure that the problem is defined at the appropriate level, not too broad or overly specific not too detailed or overly strategic in nature.