Elements Of Decision Making

Hi
Following are the elements of Dicision Making.
1: Goasl
2:Information
3: Diagnosis
4:Alternatives
5:State of nature
6:Methodology
7:Values
8:Decision maker.s personal philosophy
Is there someone to explain me these elemonts?
regards

Dear Khalid,
Namskar.
You have posted a very very important topic for discussions. But let us wish that it attracts good response.
The first thing is that the elements you have posted are not defined. This may lead to guesses. For example your first element Goas is just beyond my comprehension. So will you please elaborate the meaning of each element to attract fruitful discussions?
To me, the decision maker is always caught between two horns- survival need of the decision maker and the demand of justice. If the former is stronger then the decision is likely to be vitiated and if there is no theat to survival then the demand of justice reigns.
regards

Dear Jogeshwar mahanta

Hi

The word goasl is misspelled. The actual word is goals which mean aims. Objectives, purposes, outcomes

Goals:

First goals should be determined. Goals to be served include personal, institutional, professional, national etc.

Information:

It is a common word. The quality and quantity of information both play an important role in decision making.

Diagnosis:

It here means problem recognition, felt difficulty or a sense of trouble

Alternatives:

Creating and structuring alternative solutions of the problem.

State of nature

Decisions are made under conditions of complete certainty, complete uncertainty or some point between these two boundaries. Techniques and methods used to solve the problems differ according to where the problem lies or appear to lie.

Methodology

Which method should be used to solve the problem?

Values:

Values of both individuals and organizations are the basic elements of decision making. Individuals hold values connected with moral, cultural, religious, social, economic etc which are influenced by system and goals of organizations in which the individuals function



regards

Thank you Khalid,
Namaskar.
It appears that your decision making parameters are to satisfy the survival need of the decision maker. Let me reproduce a quote:
"A person's perspectives his interpretation of units and segments of experience as well as totalities in life are gravely affected by his interests and attitudes"(Charles Skinner)
rehards