Decision Making Models A+

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have 225 words for each questions and also a reference page for each question. Please in cite reference after every sentence if necessary. also make sure you are using the book Bazerman, M. H., & Moore, D. A. (2009). Judgment in managerial decision making (7th ed.). Hoboken, NJ: Wiley.

1. Research the Internet and available textbooks for rational decision making models. Discuss your findings in terms of the models you found versus the model offered by Bazerman and Moore on pp 2-3 of your text.

2. Consider the last decision that you have made (purchase of an automobile, purchase of a home, seeking a new job, etc.). Then, discuss that decision in terms of the rational decision making model. How could you have improved your decision?

3. Visit the website and read the article concerning the Ford Pinto. How did the decision making process help to create the problems for the Ford Pinto? Do these decisions represent opti

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1. Research the Internet and available textbooks for rational decision making models.Discuss your findings in terms of the models you found versus the model offered byBazerman and Moore on pp 2-3 of your text.There are various rational decision making models which can be used in variouscontexts or situations accordingly. One of the most common models used consists of a sixstep model outlined as below (Bazerman & Moore, 2009):1. Define the Problem obtain a thorough understanding of the issues whichexist;2. Identify the Criteria only relevant criteria should be assessed;3. Weight the Criteria determine importance of each criteria;4. Generate Alternatives identify alternative courses of action;5. Rate each Alternative against the Criteria determine effectiveness ofalternatives;6. Compute Optimal Decision choose solution with highest sum of weightedcriteria.This type of model clearly shows that there is a logical progression that can be followedfrom the discovery of a problem to a chosen solution, and that there will also be a single bestor optimal outcome. As part of this process, any solution will be based on the specificpreferences of the decision maker themselves.An alternative model relates to a more realistic way in which decisions are likely to bemade across bureaucracies and organizations, using a bounded rational decision makingmodel. This model outlines the concept of bounded rationality where fewer options than areactually a
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