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Decision-Making Model Analysis

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Written by:

Stanley P


Date added:

January 10, 2017








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4 / 966


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Consciously or unconsciously, people make decisions on a daily basis founded on one or more of the various decision-making models (Sullivan, n.d.). This paper examines how I apply various decision-making models in the workplace to generate accurate workload estimations in my career. The Qualitative Choice Theory also known as analogous reasoning uses past experience to help an individual make decisions...
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A resolution is derived by looking at what has occurred historically and basing the decision on the expected outcome (Arsham, 1994). The Program Evaluation and Review Technique (PERT) methodology is a decision-making model that uses a mathematical formula established on realistic, pessimistic, and optimistic estimates to provide an accurate estimate of the most likely amount of time to complete a project ("Critical path analysis & pert charts," n...
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