08 Jun MGMT 530 Week 3 DQ 1 Understanding Consequences and Tradeoffs
Why can it be difficult to identify consequences for each alternative and objective? What techniques can be used to simplify the process? Describe a decision situation in which you made tradeoffs to simplify the alternatives. Did you use the even-swap method, weighted scoring model, or another approach?
Our objectives this week are to:
Build a consequence table with accuracy and completeness.
Compare alternatives using a consequence table.
Evaluate alternatives by examining tradeoffs.
Evaluate alternatives by using a weighted scoring model.
Concepts covered this week will help you as you develop alternatives for your course project.
Please start by answering the main question.
Would you say that past experiences are only loosely good predictors of future outcomes ….why?
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