1. What information sources (or potential information sources) could have been used to assist with the decision-making process for Wivenhoe Dam in this case? Potential information sources that could have been used to assist with the decision-making process for Wivenhoe Dam
-SEQWater
-Sought advice from Water Grid Manager
-Water Commission
-DERM (Department of Environmental Resource Management)
Managerial decision-making
Problem avoiders
Problem solvers
Problem seekers
Approaches to decision making
Classical decision model
Behavioral decision model
Judgmental decision model
2. With references to decision-making theory covered in the chapter, describe the type of managerial decision-making evident in this case, and the conditions under which decisions were made.
Managerial Decision Making
*Problem avoidably
*Problem solvers
*Problem seekers
Decision conditions:
*Certain environment
*Risk environment
*Uncertain environment
3. Evaluate the decisions made in the case in relation to the classical, behavioural and judgmental heuristics approaches to decision-making that are outlined in the chapter. Which model do you believe best describes the situation and subsequent decision-making process in this case? Justify your answer? Approaches to decision making
^Classical decision model
^Behavioral decision model
The Essay on An Analysis Of The Rational Decision Making Model
Decisions made by groups when dealing with complex problems and issues occur everyday in the life of an organization. The decisions made by these groups can have serious, far-reaching consequences throughout the organization if not properly thought through. This is the reason for the existence of decision making models. Decision making models are logical, systematic, and methodical approaches to ...
^Judgmental decision model
Case decision
*Classical decision model
Problem: it was the flood that damage Brisbane and Ipswich
Possible alternative: Not releasing flood waters.
Consequently threatened stability of dam
Optimizing decision: Release of flood waters being aware of potential damage.
SWOT Analysis:
Strengths:
*New technology
*They set priorities
*Manage time
Weakness:
Lack of communication
Misunderstanding
Misconduct
Problem solving
Crisis
Opportunities:
*Professional engineer
*Employment
Threats:
Natural disaster (climate change)
Damage roads and homes.
Conclusion
People should make wise decision to save the lifes of the others.
