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Decision-Making Models in Organizations by Hồng Dung is a document available to read on EtoBox.

What is Decision-Making Models in Organizations about?

The document compares the rational-economic model and administrative model of decision making. The rational-economic model assumes decision makers have perfect information and choose the optimal alternative. The administrative model recognizes humans have bounded rationality and satisfice by choosing the first alternative meeting acceptability criteria rather than finding an optimal solution. The administrative model provides a more descriptive framework of real-world decision making compared to the normati

Author

Hồng Dung

Language

EN