What are quantitative techniques for decision making?

Critical Thinking and Decision Making Techniques

• Internet Article/References that can be used to prepare a presentation on decision making techniques. The article should discuss a specific decision -making technique (model, tool, method, etc) including benefits of the technique, limitations and examples where the technique can be used.

• Answer:

  Hello shar-ga, There is a very extensive body of research and literature on the topic of decision-making. I’ve included a selection of links so you can conduct further research on the many different approaches available. I took your request that you needed materials on “a specific decision making technique” to mean that you wanted to be able to prepare a presentation without having a previously determined decision making method. I’ve chosen consensus decision making as an easily manageable topic for your presentation. I’ve collected definitions of the model, descriptions of uses, discussions of pros and cons and additional supporting documents. I’ll be happy to clarify any of this. I wish you success in preparing your presentation. czh =================================== CONSENSUS DECISION MAKING RESOURCES =================================== http://www.theexperiment.org/articles.php?news_id=1020 Consensus Decision Making 101: A Practicable Social Model http://www.actupny.org/documents/CDdocuments/Consensus.html Consensus Decision Making Consensus is a process for group decision-making. It is a method by which an entire group of people can come to an agreement. The input and ideas of all participants are gathered and synthesized to arrive at a final decision acceptable to all. Through consensus, we are not only working to achieve better solutions, but also to promote the growth of community and trust. http://www.globenet.org/horizon-local/perso/consent.html Consensus decision making is based on the principle that every voice is worth hearing, every concern is justified. This page describes how to engage in this method of decision making. http://www.casagordita.com/consensus.htm Consensus Decision Making This paper provides guidelines for conducting consensus decision making and reviews possible concerns and difficulties and how to deal with them. http://www.npd-solutions.com/pdforum.html PRODUCT DEVELOPMENT FORUM – Product Development Organizational Issues http://www.npd-solutions.com/consensus.html Consensus decision making in product development http://www.magma.ca/~jbutcher/decisions.htm Group Decision-Making by Consensus: Let’s Discuss It This article discusses the pros and cons of consensus decision making. www.csulb.edu/~skukalis/CH%209%20_DECISION_MAKING.ppt This is a 20 slide Power Point presentation on decision making methods and techniques by a professor at California State University, Long Beach. http://www.lathamconsulting.com/SR-Governance_4.htm Special Report: Can Your Group Make Decisions? This is a case study on using consensus decision making as an alternative for group process. ================================= GENERAL DECISION MAKING RESOURCES ================================= http://www.sjdm.org/ Society for Judgment and Decision Making Public Services include: Newsletter, Course syllabi, Dissertations, Mailing Lists, List Archives and Chapter Archives. Some of these are searchable. http://www.psy.uva.nl/ResEdu/EADM/eadm-links.html European Association for Decision Making – http://www.fuqua.duke.edu/index_40.html Duke University – Fuqua School of Business http://faculty.fuqua.duke.edu/daweb/ Decision Analysis Society The Society promotes the development and use of logical methods for the improvement of decision-making in public and private enterprise. http://dieoff.com/page163.htm Decision Making and Problem Solving This is a fairly long paper describing the history of decision-making and problem-solving theories. According to the author, problem solving involves “fixing agendas, setting goals, and designing actions” while decision making consists of “evaluating and choosing among alternative actions.” http://www.josephsoninstitute.org/MED/MED-4sevensteppath.htm The Seven-Step Path to Better Decisions http://www.fno.org/oct97/grids.html Grids Organize Thinking for Decision-Making and Choices http://www.decision-making.co.uk/ Progress: A Procedure to Help You Make Wise Decisions This is a research project dedicated to studying personal decision making. It offers free sessions to help you make decisions. Be sure to check out the wonderful Links To Other Useful Sites. http://www.nsf.gov/sbe/ses/drms/start.htm National Science Foundation -- Social, Behavioral and Economic Sciences The Decision, Risk, and Management Science program supports scientific research directed at increasing the understanding and effectiveness of decision making by individuals, groups, organizations, and society. http://www.ubmail.ubalt.edu/~harsham/ University of Baltimore – Professor Hossein Arsham’s site is dedicated providing information about Decision Science and offers many papers and other resources. http://www.ubmail.ubalt.edu/~harsham/opre640/opre640.htm Applied Management Science: Making Good Strategic Decisions This is a long paper that is addressed to management decision-making. =============== SEARCH STRATEGY =============== decision making consensus decision making consensus decision making model