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.

750 to 1000 wordsWeek 3: Required Readings from the Textbook - Managerial Accounting: The Cornerstone of Business Decision Making:Chapter 10 : Standard Costing and Relevant AnalysisChapter 11 : Performance Evaluation & DecentralizationChapter 12 : Capital Investment DecisionsChapter 13 : Emerging Topics in Managerial AccountingLength of Initial Postings : Students will read the assigned textbook chapters from the Managerial Accounting textbook each week. Then they will then post three (3) substantive postings that they found interesting in each assigned textbook chapter. For example, if there are four (4) chapters assigned for Week 1, students will read each chapter and provide three (3) substantive postings for each individual chapter (total of 12 substantive initial postings for Week 1). Initial Postings Must be Substantive : In order for each individual initial posting to be substantive, the students will provide, in their own words, a paragraph that is a minimum of four (4) sentences long for each topic (3 topics/paragraphs per textbook chapter). The posting paragraph must inform or even teach the reader about the concept they found interesting in their own words. Therefore, for each textbook chapter, the student will provide a minimum of three (3) full substantive paragraphs in their own words on different topics they found interesting or new. Remember that postings must be in the student's own words - do not provide quotes!

Case Study 11 – Pico PC’s Manufacturing Company Pico PCs has decided to begin manufacturing tiny processors for use in the manufacture of wearable technology. During manufacture, 64 gold wired, each much finer than a human hair, must be soldered from the chip to the pins of the processor. Robots were trialled for the soldering, but the error rate was unacceptable high. One single mistake in positioning a wire or soldering it, ruined the chip. The robots were also not only prohibitively expensive. But required frequent and expensive calibration. Kushlani, the IT Production Manager was asked to carry out trials using human technicians for the work. The trials clearly demonstrated that humans had a much lower error rate and were less expensive than robots, but the technicians complained that constantly staring through a microscope at a brightly illuminated object gave them headaches and was harmful to their eyes. She reported back to management that she believed the trial had failed. The CEO was very disappointed, because he thought that the solution was good, and ‘worth a few headaches’. He asked Kushlani to get a professional medical opinion. PE_Assignment1_Set A - Jan 2017 Kushlani discussed the issue with two senior doctors, who confirmed that this work could permanently damage a person’s eyesight in as little as 5 months, and could lead to blindness in as little as 18 months. The company’s legal advisors confirmed that this was clearly in breach of the Work Health and Safety Act in Australia, so they could not go ahead. The CEO was really angry. Next morning the CEO called Kushlani into his office. Kushlani was surprised to find him quite cheerful. The CEO said that he had discovered that there was an Island in the Pacific that does not have health and safety laws, and so it would be quite legal for people of that island to solder the processors. And, better still, they were willing to work for one tenth of the wages of Australians. He said that this was a ‘win win’. What do you think that Kushlani should do?Assignment Task From what you have learned during Week s 3 and 4 of your Professional Environments Course, discuss ethical, professional and legal issues which you consider arise from this scenario. Make some recommendations of actions which could be taken to resolve the situation and/or to minimise the chance the scenario may recur. Support your answers with relevant references (as well as the Codes and Laws).Things to Consider in Your Assignment:You should list at least 3 values from the ACS Code of Ethics and up to 5 clauses from the ACS Code of Professional Conduct, you think are specifically relevant in deciding how to resolve the situation. Make sure that you refer to the most up to date ACS Codes which are available on the ACS website – www.acs.org.au.You should also list any relevant Australian legislation that you think applies to this scenario.Your analysis, discussion and recommendations should use the framework you selected in Week 3 – Solving an Ethical Dilemma (Chris MacDonald or Thomas Whites). Your assignment should be 400 -500 words in length (excluding your code lists, legislation list and references).You may need to undertake a small amount of research, however, most information you will need is available via the seminars and their references. Also, use a cover page – as per the suggested template,use in‐text referencing, use complete Harvard Notation, submit in “Word” format or equivalent format that can be readily opened in MS Word, keep your formatting simple: Arial 11pt, 10pt after paragraph, single line spacing, headings in bold, maximum 2 indent levels/bullet levels. Do not use page borders, word art, page backgrounds or similar extraneous decorationYour uploaded file name should identify you as part of its name – e.g. PE_Assignment1_William_Smith. Marking Guide Marks will be awarded using the following guidelines.15% meeting the procedural requirements, including, spelling, grammar, number of words, document formatting,30% how logically and thoroughly you identified and described professional, ethical and legal issues arising in the scenario,30% how well you developed your recommendations and supported them with relevant, correct referencing, 20% how well you convinced the reader that you understood the issues, • 5% did the material generate interest in the reader?