Decision Planning
Making a decision without planning is
fairly common, but does not often end well. Planning allows for
decisions to be made comfortably and in a smart way. Planning makes
decision making a lot simpler than it is.
Decision will get four benefits out
of planning.
1.Planning gives chance to the
establishment of independent goals. It is a conscious and directed
series of choice.
2.Planning provides a standard of
measurement. It is a measurement of whether you are going
towards or far away from your goal.
3.Planning converts values into
action. You think twice about the plan and decide what will
help to advance your plan best.
4.Planning allows to limited
resources to be committed in an orderly way. Always govern the use
of what is limited to you.
Everyday
Techniques for Decision Making
Some of the decision making
techniques are as follows:
1.Pros
and cons
Listing the advantages and
disadvantage of each option, popularized by Plato and Benjamin Franklin. Contrast
the costs and benefits of all alternatives. Also called Rational decision
making.
2.Simple
Prioritization
Choosing the alternative with the
highest probability weighted utility for each alternative.
3.Satisfaction
Examining alternatives only until an
acceptable one is found.
4.Eilmination
by Aspects
Choosing between alternatives using
Mathematical Psychology Technique was introduced by Amos Tversky in 1972, It is
a convert elimination process that involves comparing all available
alternatives by aspects. The decision maker chooses an aspect;
any alternatives without that aspect are eliminated. The
decision maker repeats this process with as many aspects as needed until
there remains only one alternative.
5.Prefernece
Trees
In 1979 Amos Tversky and Samuels
attach updated the elimination by aspects technique by presenting a much
ordered and structured way of comparing the available alternatives. This
technique compared the alternatives by presenting the aspects in a decided
and sequential order, it became a more hierarchical system in which the aspects are ordered from general to specific.
6.Acquiesce
To a person in authori8ty or an “expert”,
just following orders.
7.Flipism
Flipping a coin, cutting a deck of
playing cards, and other random or coincidence methods.
8.Divinity
Prayer, tarot cards, astrology,
augurs, revelation, or other forms of divination.
9.
Calculating the opportunity cost of
each options and decide the decision.
10.Bureaucratic
Set up criteria for automated
decisions.
11.Political :
Negotiate choices among interested groups.
