VARIOUS TECHNIQUES OF

DECISION-MAKING

Presented By:-
Abrar Ahmad Ansari
MBA, IInd Sem.

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 QUALITATIVE TECHNIQUE

 DELPHI TECHNIQUE
 BRAINSTORMING TECHNIQUE
 SWOT ANALYSIS

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 QUANTITATIVE TECHNIQUE

PROBABILITY

LINEAR PROGRAMMING

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 DELPHI TECHNIQUE

 This technique developed by OLAF HELMER

and his colleagues at RAND Corporation, has a
degree of scientific respectability and
acceptance.

 A panel of expert on a particular problem area is

selected, usually from both inside and outside
the organization.

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 DELPHI TECHNIQUE

 The expert are asked to make (Secretly, so that

they will not influenced by others) a forecast as
to what they think will happen, and when, in
various areas of new discoveries or
development.

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 DELPHI TECHNIQUE

PROBLEM PRESENTED

QUESTIONNAIRE COMPLETED

RESULT COMPILED, DISTRIBUTED

SECOND & SUBSEQUENT QUESTIONNAIRE COMPLETED

CONSENSUS

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 BRAINSTORMING TECHNIQUE

 Alex F Osborn is called farther of

Brainstorming.
 In the brainstorming session, a multiplication
of ideas is sought.
 The purpose of this approach is to improve
problem solving by finding new and unusual
solution.
 The rules of brainstorming arte follows

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 BRAINSTORMING TECHNIQUE

 No ideas are ever criticized.

 The more radical (far-reaching); the ideas are,

the better.

 The quantity of idea production is stressed.

 The improvement of ideas by others is

encouraged
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 SWOT ANALYSIS

 This is a technique which help decision

making by analyzing organization’s internal
strength and weaknesses and external
opportunities and threats.

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 PROBABILITY
 A probability is a numerical statement about the
likehood that an event will occur.

 The probability, P, of any event or state of occurring is

greater than or equal to 0 and less than or equal to 1.

 The probability of 0 indicates that an event is never

expected to occur.

 A probability of 1 means that an event is always

expected to occur.

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 LINEAR PROGRAMMING
 It was conceptually developed before World War II
by Soviet Mathematician A.N.Kolmogorov.

 A mathematical model for optimal solution of

resource allocation problems.
 A branch of mathematics that uses linear
inequalities to solve decision-making problems
involving maximums and minimums.

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 LINEAR PROGRAMMING
Assumptions Of Linear Programming

 Certainty
 Proportionality
 Divisibility
 Nonnegative Variable

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References

 Books:

 Management, A Global Perspective,

 Management And Behavioral Process,
 Quantitative Analysis For Management
 Authors: Heinz Weihrich, Harold Koontz.
Shridhar Bhatt.
Barry Render, Ralph M.Stair,JR., Michael E. Hanna

Thank you

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