Types of models for decision making

Types of models for decision making

1. RATIONAL

   • Diagnose the problem
   • Set goals
   • Search alternatives
   • Evaluate decisions
   • Choose solutions
   • Put the solution into practice
   • Monitoring and control of results

2. POLITIC

   • Decisions are the result of group-leader negotiation.
   • Decision making based on the self-interests and goals of powerful participants
   • Management decisions of organizations

3. LIMITED RATIONAL

   • Formulate the problem
   • Identify decision criteria
   • Weigh the criteria
   • Development and analysis of alternatives
   • Select an alternative
   • Apply and evaluate the alternative

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