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What is Decision Making Models Overview about?

The document describes three decision making models: 1. The Classical model assumes rational decision making with clear problems, objectives, alternatives and consequences. It is ideal but unrealistic. 2. The Administrative model assumes bounded rationality where decision makers consider limited criteria and alternatives to find a "good enough" solution due to time and motivation constraints. 3. The Retrospective model assumes irrational and biased decision making where the preferred solution is chosen

Author

prerna

Language

EN