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Decision Making Approaches
General Framework
Outline the meaning of Rationality, Bounded Rationality and Intuitive approaches to decision making.
Individual Components
1. Demonstrate a specific example of Rationality using Decision Trees
2. Demonstrate a specific example of Rationality using either a Payoff Matrix or Multivariate Analysis
3. Find and describe an example of an Intuitive approach to decision making
1. Discuss how you interpret the statement 'ERP is the 'meat and potatoes' of the organisation'. 2. What are the key issues when implementing an ERP system? 3. How will tra
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what do you understand by line balancing what happens if balance doesn''t exist?
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