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Smart Decision-Making

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Abstract

Learning organizations and their management systems are most effective if the results of information gathering on the workflow are presented in a decision-compelling format. The Organizational Learning process must support your organization in its development of knowledge and asset management strategies. The adoption of alternative solutions should be weighed on the basis of relative uncertainty, risk, and opportunity. Your organization therefore must provide adequate support for advanced decision-making methods. The learning process of conscious choices involves the associated collection of data, continuous feedback and further assessment to optimize future decision-making.

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Sumario: Decisions involving multiple objectives -- Introduction to probability -- Decision making under uncertainty -- Decision trees and influence diagrams -- Applying simulation to decision problems -- Revising judgements in the light of new information -- The quality of human judgment: laboratory studies -- The quality of human judgment: real-world studies -- Probability assessment -- Decisions involving groups of individuals -- Resource allocation and negotiation problems -- Alternative decision-support systems.
Critical thinking: strategies for decision making
  • D A Feldman