Updated Articles

  1. Pros and cons

    Last Updated: 09/14/2022 in Wikis Collaborative Decision Making Elements of effective decision making methodologies
    Perhaps the most common "formal" approach to making a choice among alternatives is to list the pros and cons of each alternative.  Certainly it would be wrong to calculate the net number of pros over cons for each alternative and then select the alt...

  2. Screening

    Last Updated: 09/14/2022 in Wikis Collaborative Decision Making Elements of effective decision making methodologies
    When there are hard and fast "criteria" (as opposed to "objectives"), it is useful to screen out alternatives that do not satisfy the criteria.  For example, alternatives for a decision may be required to be "technically feasible."  Alternatives tha...

  3. Brainstorming

    Last Updated: 09/14/2022 in Wikis Collaborative Decision Making Elements of effective decision making methodologies
    There are numerous ways to identify objectives, alternatives, etc., although brainstorming may be the most common method. The main point of brainstorming is to generate as many ideas as possible.  Get the right people – it is often useful to get to...

  4. Compensatory

    Last Updated: 09/14/2022 in Wikis Collaborative Decision Making Elements of effective decision making methodologies
    Compensatory decisions are rational decisions.  In compensatory decisions, poor performance of alternatives with respect to some objectives can be overcome with excellent performance with respect to other objectives.  For instance, a plane ticket th...

  5. Focus on Objectives

    Last Updated: 09/14/2022 in Wikis Collaborative Decision Making Elements of effective decision making methodologies
    Management by Objectives (MBO) as a concept first appeared in a 1954 book  The Practice of Management .  The author, Peter Drucker, has since become known as one of the world’s most influential business experts.  Management by Objectives is  ...

  6. Levels of Measurement

    Last Updated: 09/14/2022 in Wikis Collaborative Decision Making Counterproductive strategies
    There are four types of number scales: NOIR The nominal scale of measurement only satisfies the identity property of measurement.  Values assigned to variables represent a descriptive category, but they have no inherent numerical value with res...

  7. Satisficing

    Last Updated: 09/14/2022 in Wikis Collaborative Decision Making Counterproductive strategies
    Satisficing is a decision-making strategy that aims for a satisfactory or adequate result rather than the optimal result, because aiming for the optimal solution may necessitate needless expenditure of time, energy and resources. 1 A combinatio...

  8. Nutshell briefings

    Last Updated: 09/14/2022 in Wikis Collaborative Decision Making Counterproductive strategies
    The nutshell briefing rule is a quick and easy approach to decision making that can sometimes save time and effort in arriving at adequate judgments; however, reliance on such rules more often results in judgmental errors and can create grossly misl...

  9. Simple tradeoffs

    Last Updated: 09/14/2022 in Wikis Collaborative Decision Making Counterproductive strategies
    Making decisions involves making tradeoffs  among objectives; this is a difficult and poorly understood aspect of decision making.  Decisions become difficult when they involve several competing objectives.  The greater the number of objectives, th...

  10. Heuristics

    Last Updated: 09/14/2022 in Wikis Collaborative Decision Making Counterproductive strategies
    Heuristics are decision-making techniques that simplify the process of coming to a reasonable decision when the "perfect" decision is unreachable or unknowable.  Heuristics may be understood as mental shortcuts that enable individuals to make quic...
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