TECHNIQUES OF DECISION

-MAKING
TECHNIQUES OF DECISION -MAKING
1 Financial Analysis
2 Operation Research
3 Pareto Analysis.
4 Paired comparison method
5 PMI (plus/minus/interesting)
6 Force Field Analysis.
7 Brainstorming
TECHNIQUES OF DECISION -MAKING
8 Nominal Group Technique.
9 Delphi Technique.
TECHNIQUES OF DECISION –MAKING

2 OPERATION RESEARCH

This is a scientific approach developed after World War II.

Originally, during World War II, the group of scientists called
“Operations Research”, the group were asked to give solutions
to solve complex military operational problems. The group,
consisting mainly physicists used problem-solving method and
very successful solutions to solve complex military problems.
The OR concept was introduced in 1955 to develop production
process models, which also showed amazing results. Cost-
saving was the main benefit derived from OR.
The same process came handy to managers to take sound
decisions on complex issues.
TECHNIQUES OF DECISION -MAKING
TECHNIQUES OF DECISION -MAKING
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4 Paired comparison method
One to one comparison between alternatives is known
as paired comparison method.
Ex There are 4 alternatives ABCD
A to B = A is better
B to B = C is better
C to D = D is better
C to A= A is better
D to A = A is better over all A is better
TECHNIQUES OF DECISION -MAKING
5 PMI (plus/minus/interesting
TECHNIQUES OF DECISION -MAKING
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6 Force Field Analysis.
This is a useful technique for looking at all the forces for
and against a decision. It is a specialized method of
weighing pros and cons by carrying out the analysis of
the forces supporting a decision and reducing the
impact of opposition to it.
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7 Brainstorming
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TECHNIQUES OF DECISION -MAKING
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TECHNIQUES OF DECISION -MAKING