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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.
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basic stages of Operation Management
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You are the Vice-President of Manufacturing for a company which manufactures small personal appliances. Your R & D department has designed a revolutionary, new type of electric t
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ABC Company, a soft-drink vendor, has created a table of payoffs for three stocking decisions for three different states of nature: States of nature (Demand) Alternatives He
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