PPT-Judgment in Managerial Decision Making 8e

Chapter 7 The Escalation of Commitment Copyright 2013 John Wiley amp Sons The Escalation of Commitment Committing to an initial decision Competition and escalation Explanations for escalation. Sarah Lennon. Inclusion Ireland. Overview. The current situation in Ireland. Context for Change. Typical Case Studies. The Future. Currently in Ireland. Status Approach to Capacity. Decision that someone ‘lacks capacity’. ECON 6313. Managerial Economics. Fall semester, . 2009. Professor . Chris Brown. Outline. What is managerial economics and why should you study it?. Examples of managerial decisions. Six steps to decision making. Chapter 4. Bounded Awareness. Copyright 2013 John Wiley & Sons. Problem 1: Role-Playing Exercise. S. ix . people . are randomly . assigned to the roles A, B, C, D, E, and F. A . is randomly . selected and given $60 to allot among A, B, C, D, E, and F. The amounts given to B, C, D, E, and F must be equal, but this amount may be different from the amount that A allocates to A (herself/himself). B, C, D, E, and F will be asked to specify the minimum amount that they would accept. If the amount offered by A to each of B, C, D, E, and F is equal to or greater than the largest amount specified by B, C, D, E, or F, the $60 will be divided as specified by A. If, however, any of the amounts specified by B, C, D, E, and F are larger than the amount offered by A, all six parties will receive $0. . SYSTEMS. Decision Support Software. Reasons for the growth of decision-making information systems. People need to analyze large amounts of information. People must make decisions quickly. People must apply sophisticated analysis techniques, such as modeling and forecasting, to make good decisions. Psychology of Personal Decision-Making. Agenda. Balanced Judgment. Recognition. Limited Capacity. Tools. External Memory. Lists. Decision Tables/Trees. De-cluttering. Priming. Heuristics. Decomposition. Chapter . 10. Making Rational Decisions in Negotiations. Copyright 2013 John Wiley & Sons. Game Theoretic Approaches. Provides precise prescriptive advice. Relies on describing all outcomes. Assumes all parties are rational. UNIT – I. 1. . DEFINING THE MANAGERIAL JOB. 1.1. Descriptive Dimensions of Managerial Jobs . 1.2. Methods . 1.3. Model . 1.4. Time Dimensions in Managerial Jobs . 1.5. Effective and Ineffective Job behavior . Chapter . 8. Fairness and Ethics in Decision Making. Copyright 2013 John Wiley & Sons. Accepting a Job Offer. You are graduating from a good MBA program. Subsequent to your discussions with a number of firms, one of your preferred companies makes you an offer of $110,000 a year, stressing that the amount is not negotiable. You like the people. You like the job. You like the location. However, you find out that the same company is offering $120,000 to some graduating MBAs from similar-quality schools. . Introduction. Information, Decisions, and Management. Decision Support Technologies. OLAP and DSS. DSS Applications in Corporate Functional Management. Practitioners of Management Science. Achieving Success with Analytics. The Day . Christ . Comes. Again. JUDGMENT. 2 Peter 3:8-10a . But do not let this one fact escape your notice, . beloved, that with the Lord one day is as a . thousand years, and a thousand years as one . Disclosures:. Narayanaswami . P. (PI) . AHRQ . Grant Number: 1R18HS022004-01. AAN: . Guidelines Development, Dissemination and Implementation subcommittee and Practice Committee. Allergan: . Speakers bureau, advisory board, and injector training. Week -1. Prepared by: Dr . Waqar. Ahmad, . Asstt. . Prof.. Learning Objectives. What is Economics?. What is managerial Economics?. To analyze the concept of economics- scarcity and efficiency?. Micro Economics and macro economics?. DR. MRIGANKA DE SARKAR. ASSOCIATE PROFESSOR OF ECONOMICS. CONTACT: et_mit@yahoo.co.in. Monopoly: Why?. Natural monopoly (increasing returns to scale), e.g. (parts of) utility companies?. Artificial monopoly. Chapter 4. 2. Managerial Decision Making. Decision making is not easy. It must be done amid . ever-changing factors . unclear information . conflicting points of view. 3. Definition : Decision . Making.