Decision Making and Problem Solving

Course Learning Outcomes-Covered

  • Identify and stir contrariant      perspectives on knowledge completions for contrariant situations. (3.1)
  • Utilize contrariant conclusion making tools to      enhance completion solving and conclusion      making approaches.   (4.3)
  • Identify      organized resources and chosen floating      possible resource to evaluate vocation options. (2.10)
  • Create a Conclusion Making and      Problem Solving worksheet instrument.  (4.5)

Critical Thinking Questions:  (Marks 5)

Question 1:  (1 Mark)

Suppose you are a segregate of a knot asked to experience ways to cut consumes throughout your structure for the upcoming year. Sales possess oppressed sharply, and the concourse is in hazard of going out of vocation. After muster knowledge, your knot concludes that the concourse conquer spare the most currency by freezing pay for a year, opposing a romance of annual compensation increases. How can you establish strong this is a disclosed conclusion? How can you establish strong that others in the structure conquer see it as a disclosed conclusion?

Question 2: Case Decomposition   (2 Marks)

Care, a soundness consultancy concourse in Saudi Arabia, is studying the economic benefits of a program of preventative COVID-19 flu vaccinations. Care has to present direction to synod for COVID-19 vaccination. If vaccinations are not introduced then the estimated consume to the synod if flu strikes in the proximate year is SR.70m delay chance 0.1, SR.100m delay chance 0.3 and SR.150m delay chance 0.6. It is estimated that such a program conquer consume SR.70m and that the chance of flu wonderful in the proximate year is 0.75. 

One resource disclosed to the committee is to erect an "early-warning" monitoring machination (costing SR.30m) which conquer empower it to discover an ebullition of flu forthcoming and hence erect a hurry vaccination program (costing SR.100m accordingly of the deficiency to vaccinate promptly antecedently the ebullition spreads). 

 Question

  • As a consultant of Care, Develop a conclusion tree for      alternatives and establish admonition to Indian synod that which      resource can maximize expected economic benefits?

Question 3:  (1 Mark)

Decision buttress tools believe on concrete, sober grounds. What segregate does ethics personate in using conclusion buttress software?

Question 4:  (1 Mark)

If you convoke too fur knowledge for analyzing a conclusion, you can endure from decomposition paralysis, where you lavish too fur period thinking encircling a conclusion rather than making one. Recall a main financial conclusion you made recently, such as of a car or housing escheatment or rental. Describe your rule for making the conclusion. How could decomposition paralysis possess unnatural this rule?

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