scholarly journals The IM Decision Making And Problem-Solving Model: A Unisex Context

2020 ◽  
pp. 76-82
Author(s):  
Ibrahim Suleiman Yahaya ◽  
Maryam M.B Yusuf
Keyword(s):  
Decision Making ◽  
Problem Solving ◽  
Daily Life ◽  
Research Work ◽  
Critical Time ◽  
Decision Makers ◽  
Future Research ◽  
New Development ◽  
Or Organization ◽  
Fast Decision

This paper The search paper aimed at introducing new development in decision-making and problem-solving models which will enable the decision-makers to have more options on the way of handling any give scenarios that might occur in the process of daily life or organizational activities, this will improve fast decision by individual or organization. Decision making is an acceptable part of human daily life. People have to make different important decisions nearly every day, hence the reason that often-making decisions can be a difficult action to take. However, a significant number of observational studies have shown that most individuals are much worse in decision-making in organizations. Thus, people started paying more attention to learning how to make an acceptable decision through the related hypotheses and models that fit their scenarios. Along with the line hundred (100) sample of the design developed model with a Likert-Scale from 1-5 was attached and sent to some prominent leaders who virtually make a decision and solved problems almost every day, for their assessment’s/analysis in order to collect data to determine both input and output of the developed model which some accepted as it was designed while some make changes and other make a recommendation for future research work. The decision-making tools are needed at the critical time of Covid.

Systems thinking, a consilience of values and logic

2005 ◽  
Vol 24 (4) ◽  
pp. 259-274
Author(s):  
Sameer Kumar ◽  
Thomas Ressler ◽  
Mark Ahrens
Keyword(s):  
Decision Making ◽  
Problem Solving ◽  
Systems Thinking ◽  
Qualitative Reasoning ◽  
Colleges And Universities ◽  
Decision Makers ◽  
Modern World ◽  
Problem Solving Process ◽  
Problem Solvers

This article is an appeal to incorporate qualitative reasoning into quantitative topics and courses, especially those devoted to decision-making offered in colleges and universities. Students, many of whom join professional workforce, must become more systems thinkers and decision-makers than merely problem-solvers. This will entail discussion of systems thinking, not just reaching “the answer”. Managers will need to formally and forcefully discuss objectives and values at each stage of the problem-solving process – at the start, during the problem-solving stage, and at the interpretation of the results stage – in order to move from problem solving to decision-making. The authors suggest some methods for doing this, and provide examples of why doing so is so important for decision-makers in the modern world.

Frameworks and Models in Decision-Making and Judgment in Child Welfare and Protection

2020 ◽  
pp. 3-26
Author(s):  
Rami Benbenishty ◽  
John D. Fluke
Keyword(s):  
Decision Making ◽  
Information Processing ◽  
Child Welfare ◽  
False Negative ◽  
Real Life ◽  
Decision Makers ◽  
Future Research ◽  
Theoretical Perspectives ◽  
Specificity And Sensitivity ◽  
Predictive Risk

This chapter presents the basic concepts, theoretical perspectives, and areas of scholarship that bear on decisions in child welfare—making choices in decision environments characterized by high levels of uncertainty. The authors distinguish between normative models that predict what decision-makers ought to choose when faced with alternatives and descriptive models that describe how they tend to make these choices in real life. The chapter reviews those challenges that may be especially relevant in the complex context of child welfare and protection. One way in which decision-makers overcome task complexities and limitations in human information processing (bounded rationality) is by using heuristics to navigate complex tasks. The chapter reviews strategies to correct some limitations in judgment. The authors examine the relationships between workers’ predictions of what would be the outcomes of the case and the actual outcomes and describe two types of error (false positive and false negative) and the related concepts of specificity and sensitivity. These issues are followed by a description of the Lens Model and some of its implications for child welfare decision-making, including predictive risk modeling and studies on information processing models. The final section presents current theoretical models in child welfare decision-making and describes Decision-Making Ecology (DME) and Judgments and Decision Processes in Context (JUDPiC). The chapter concludes with suggestions for future research on child welfare decision-making that could contribute to our conceptual understanding and have practical utility as well.

scholarly journals The impact of information technology in decision making process of companies in Kosovo

2018 ◽  
Vol 51 (1-2) ◽  
pp. 13-23
Author(s):  
Emin Qerim Neziraj ◽  
Aferdita Berisha Shaqiri
Keyword(s):  
Decision Making ◽  
Information Technology ◽  
Decision Maker ◽  
Business Process ◽  
New Technologies ◽  
Decision Makers ◽  
Decision Making Process ◽  
Or Organization ◽  
The Impact ◽  
Future Business

Before the decision makers set much higher requirements in the decision-making than ever before due to the environment of decision-makers subject to change under the influence of progress and development of new technologies, networking individual or organization inside and the outside environment, and modern means of communication enabling continuous inflow, flow and sharing of data and information. In these modern conditions the process of collecting, analyzing, selecting data and information to make informed decisions in the context of possible restrictions and the available options, and ultimately making decisions as the basis for future business or behavior, is not simplified. The use of new technologies in the decision-making process provided numerous opportunities to facilitate decisions selection. However, the decision maker should still be able to differentiate which knowledge should be used to serve in decision making, and which models, methods, tools, systems, and procedures to be used in certain situations, with the purpose of successful decision selection. In this paper, we will examine the decision making process during the business process of the companies in Kosovo.

Sunk Costs and Political Decision Making

2019 ◽  
Author(s):  
Charles A. Miller
Keyword(s):  
Decision Making ◽  
Sunk Costs ◽  
Decision Makers ◽  
Future Research ◽  
Natural Experiments ◽  
Political Decision ◽  
Mixed Support ◽  
Number Of Factors ◽  
Political Decision Making ◽  
Forward Looking

The “sunk costs fallacy” is a popular import into political science from organizational psychology and behavioral economics. The fallacy is classically defined as a situation in which decision-makers escalate commitment to an apparently failing project in order to “recoup” the costs they have already sunk into it. The phenomenon is often framed as a good example of how real decision-making departs from the assumption of forward-looking rationality which underpins traditional approaches to understanding politics. Researchers have proposed a number of different psychological drivers for the fallacy, such as cognitive dissonance reduction, and there is experimental and observational evidence that it accurately characterizes decision-making in certain contexts. However, there is significant skepticism about the fallacy in many social sciences, with critics arguing that there are better forward-looking rational explanations for decisions apparently driven by a desire to recoup sunk costs – among them reputational concerns, option values and agency problems. Critics have also noted that in practical situations sunk costs are informative both about decision makers’ intrinsic valuation for the issue and the prospects for success, making it hard to discern a separate role for sunk costs empirically. To address these concerns, empirical researchers have employed a number of strategies, especially leveraging natural experiments in certain non-political decision making contexts such as sports or business, in order to isolate the effects of sunk costs per se from other considerations. In doing so, they have found mixed support for the fallacy. Research has also shown that the prevalence of the sunk costs fallacy may be moderated by a number of factors, including the locus of decision-making, framing, and national context. These provide the basis for suggestions for future research.

Behavioral Corporate Finance: The Life Cycle of a CEO Career

2020 ◽  
Author(s):  
Marius Guenzel ◽  
Ulrike Malmendier
Keyword(s):  
Decision Making ◽  
Corporate Finance ◽  
Low Frequency ◽  
Chief Executive ◽  
Market Discipline ◽  
Decision Makers ◽  
Future Research ◽  
Experience Effects ◽  
Behavioral Corporate Finance ◽  
Selection Mechanisms

One of the fastest-growing areas of finance research is the study of managerial biases and their implications for firm outcomes. Since the mid-2000s, this strand of behavioral corporate finance has provided theoretical and empirical evidence on the influence of biases in the corporate realm, such as overconfidence, experience effects, and the sunk-cost fallacy. The field has been a leading force in dismantling the argument that traditional economic mechanisms—selection, learning, and market discipline—would suffice to uphold the rational-manager paradigm. Instead, the evidence reveals that behavioral forces exert a significant influence at every stage of a chief executive officer’s (CEO’s) career. First, at the appointment stage, selection does not impede the promotion of behavioral managers. Instead, competitive environments oftentimes promote their advancement, even under value-maximizing selection mechanisms. Second, while at the helm of the company, learning opportunities are limited, since many managerial decisions occur at low frequency, and their causal effects are clouded by self-attribution bias and difficult to disentangle from those of concurrent events. Third, at the dismissal stage, market discipline does not ensure the firing of biased decision-makers as board members themselves are subject to biases in their evaluation of CEOs. By documenting how biases affect even the most educated and influential decision-makers, such as CEOs, the field has generated important insights into the hard-wiring of biases. Biases do not simply stem from a lack of education, nor are they restricted to low-ability agents. Instead, biases are significant elements of human decision-making at the highest levels of organizations. An important question for future research is how to limit, in each CEO career phase, the adverse effects of managerial biases. Potential approaches include refining selection mechanisms, designing and implementing corporate repairs, and reshaping corporate governance to account not only for incentive misalignments, but also for biased decision-making.

Evaluation of energy sources based on sustainability factors using integrated fuzzy MCDM approach

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Santosh K. Saraswat ◽  
Abhijeet K. Digalwar
Keyword(s):  
Decision Making ◽  
Research Work ◽  
Economic Benefits ◽  
Decision Makers ◽  
Preference Ranking ◽  
Energy Sources ◽  
Content Type ◽  
Weighted Sum Method ◽  
Weight Calculation ◽  
Social Environmental

Purpose The purpose of this paper is to develop an integrated fuzzy multi-criteria decision-making (MCDM) model for evaluation of the energy alternates in India based on their sustainability. Design/methodology/approach A fuzzy analytical hierarchy process approach is used for the weight calculation of the criteria and the fuzzy technique for order preference by similarity to the ideal solution is used for ranking of the energy alternates. Seven energy sources – thermal, gas power, nuclear, solar, wind, biomass and hydro energy are considered for the assessment purpose on the basis of sustainability criteria, namely, economic, technical, social, environmental, political and flexible. Findings The result of the analysis shows that economics is the highest weight criterion, followed by environmental and technical criteria. Solar energy was chosen as the most sustainable energy alternate in India, followed by wind and hydro energy. Research limitations/implications Few other MCDM techniques such as VIseKriterijumska Optimizacija I Kompromisno Resenje (multi-criteria optimization and compromise solution), weighted sum method and preference ranking organization method for enrichment evaluations – II can also be explored for the sustainability ranking of the energy alternates. However, the present model has also provided a good result. Practical implications The present research work will help the decision-makers and organizations in the evaluation and prioritizing the various energy sources on the scale of sustainability. Social implications Research finding provides guidance to government and decision-makers regarding the development of social conditions through energy security, job creation and economic benefits. Originality/value Research work can be act as a supplement for the investors and decision-makers specifically in prioritizing the investment perspective and to support other multi-perspective decision-making problems.

scholarly journals Proses Pengambilan Keputusan

2019 ◽  
Author(s):  
yola febriani ◽  
Hade Afriansyah ◽  
Rusdinal
Keyword(s):  
Decision Making ◽  
Problem Solving ◽  
Literature Review ◽  
Creative Thinking ◽  
Human Life ◽  
Decision Makers ◽  
New Information ◽  
The Right ◽  
Alternative Solutions ◽  
Made In

This article aims to describe how is the process of decision making. Decision making is something that is never separated from human life, both simple decision making and complex problems. Everyone is always faced with the choice to take a decision. To be able to take the right decisions, every person should know the steps. This article presents what the decision-making steps and what is the importance of creative thinking in decision making. Creative thinking will help decision makers to improve the quality and effectiveness of problem solving and decision making results were made. In relation to the process of decision making, creative thinking is needed, especially in identifying problems and develop alternative solutions. The methodology used to arrange this article is Systematic Literature Review (SLR). First, researcher find relevant theories, and then make a conclusion about it, then analyzing, and finally make a new information based researcher analyzing.

scholarly journals Proses Pengambilan Keputusan

2019 ◽  
Author(s):  
yola febriani ◽  
Hade Afriansyah ◽  
Rusdinal
Keyword(s):  
Decision Making ◽  
Problem Solving ◽  
Literature Review ◽  
Creative Thinking ◽  
Human Life ◽  
Decision Makers ◽  
New Information ◽  
The Right ◽  
Alternative Solutions ◽  
Made In

This article aims to describe how is the process of decision making. Decision making is something that is never separated from human life, both simple decision making and complex problems. Everyone is always faced with the choice to take a decision. To be able to take the right decision, every person should know the steps. This article presents what the decision making steps and what is the importance of creative thinking in decision making. Creative thinking will help decision makers to improve the quality and effectiveness of problem solving and decision making results were made. In relation to the process of decision making, creative thinking is needed, especially in identifying problems and develop alternative solutions. The methodology used to arrange this article is Systematic Literature Review (SLR). First, researcher find relevant theories, and then make a conclusion about it, then analyzing, and finally make a new information based researcher analyzing

Birth order revelations about managers

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Gentrit Berisha ◽  
Besnik Krasniqi ◽  
Rrezon Lajçi
Keyword(s):  
Decision Making ◽  
Problem Solving ◽  
Birth Order ◽  
Decision Makers ◽  
Self Report ◽  
Organizational Studies ◽  
Content Type ◽  
Only Children ◽  
Conflict Situations ◽  
Conflict Handling

Purpose This paper aims to reveal the effects of birth order in decision-making style, conflict handling style and propensity for participative decision-making. The intention is to open the perspective of birth order research in organizational studies, as an important individual difference of managers. Design/methodology/approach A survey was conducted with 230 managers from different industries in Kosovo. Self-report measures were used for decision-making style, conflict handling style and participatory decision-making constructs. Findings Results indicate that only children are more avoidant and spontaneous decision-makers. Firstborns are rational in decision-making and prefer problem-solving in conflict handling. Middleborns are intuitive decision-makers and use compromising in conflict handling. Lastborns make decisions rationally and use both compromising and problem-solving in conflicting situations. In addition, lastborns appeared to have a more positive attitude toward participative decision-making, followed by middleborns, firstborns and only children. Research limitations/implications Birth order affects managers’ behaviors in decision-making and conflict situations. Relationship dynamics in sibships are reflected in organizational settings, affecting how people behave in decision-making and conflict handling. Originality/value To the best of the authors’ knowledge, this is the first study to attest how birth order influences the ways managers make decisions, handle conflicts and involve others in decision-making. As birth order cannot be changed, such knowledge is critical.

scholarly journals Investigation of the Participatory Approach to Decision Making for Urban Regeneration Intervention

2021 ◽  
Author(s):  
Sumana - Jayaprakash ◽  
Vimala Swamy
Keyword(s):  
Decision Making ◽  
Public Participation ◽  
Planning Process ◽  
Research Work ◽  
Urban Regeneration ◽  
Integrated Approach ◽  
Decision Makers ◽  
Decision Making Process ◽  
Urban Context ◽  
Urban Issues

Public participation in the decision-making process in Urban Interventions is the key to the success of the project for improving the quality of life of its citizens. The citizen has the democratic right to express his needs and aspiration; he is the final user who experiences the outcomes of the policy decisions. Non involvement of the citizens in the planning process can bring about the misinterpretation of the intention of political leadership and lead to opposition and protest. The inadequate understanding of citizens of the urban context makes public participation ineffective. In this context, the decision-makers are often faced with the challenges of the level of confidence of the citizens about their ideas and responses being incorporated in the project and the confidence of the citizens in the local urban authority in its ability to carry out the project. However, the decision-makers base their decision on the assumption that the citizens have a general understanding of the urban issues. This research work investigates the basis of this assumption. 1. Do the citizens have confidence that the local urban authority considers their choices and responses in the course of decision making 2. Do the citizens have the confidence that the local urban authority can undertake the Urban Regeneration project 3. Whether in the decision-making process of urban regeneration intervention, citizen's responses are backed by a general understanding of urban issues. The case study taken up is of Hassan city. Five areas of crucial importance have been selected based on the development plan report of the city. The integrated approach aims to find the most appropriate area for proposing the Urban Regeneration project. The framework adopted includes 1. Questionnaire survey: to collect citizens’ responses 2. Analysis of variance (ANNOVA) for analysis of the data collected.

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