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Explain Different types of Decisions.
Different types of Decisions: Decisions may be of various types. Several of the significant types of managerial decisions are explained here:-
(i) Programmed and Non-Programmed decisions
(ii) Major and Minor Decisions
(iii) Routine and Strategic Decisions
(iv) Organizational and Personal decisions
(v) Individual and Group decisions
(vi) Policy and Operative decisions
(vii) Long-term, Departmental and Non-Economic decisions
(viii) Non-economic decisions concern to factors such as technical values and moral behaviours.
A payoff a. is always measured in profit. b. is always measured in cost. c. exists for each pair of decision alternative and state of nature. d. exists for each state of nature.
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Class, looking back over the Terminal Course Objectives for this course, what are you looking forward to learning more about throughout your education and career?
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Operations Sequence Analysis Being an early approach to process layouts operations sequence analysis develop a good scheme for arrangement of department graphically analysis t
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