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1. What are the risks of bypassing the steps in the following decision-making model?
I. Framing the Problem:
Identify the problemDefine the criteria, goals, and objectivesEvaluate the effect of the problem
II. Evaluate the Decision:
Measure the impactImplement a decision
III. Make the Decision:
Identify probable causesFrame alternativesEvaluate the impact of the alternativeFinally, make a decision
2. Under what circumstances would it be appropriate or inappropriate to use a decision-making model?
Solution Summary
Quantitative Analysis for decision making class
The solution is detailed and dsecribes the concepts very well. The solution is very simple to understand as well. All the steps are clearly shown which makes it very easy for anyone to follow. Overall, an excellent response to question being asked..
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