Decision Making Flashcards
Management Roles
Interpersonal Roles
Informational Roles
Decisional Roles
Interpersonal Roles
figurehead role
leader role
liaison role
monitor role
disseminator role
spokesperson role
Informational Roles
disturbance handler
resource allocator
negotiator role
Decisional Roles
expected to set the standard for your
department and model the behavior you expect from your people.
you have to be willing to abide by this
prevent you from doing the things that you
normally prefer to do
Management Agreement
choosing a course of action after
considering different options to accomplish an organization’s goals.
Management decision-making
What Is the Decision Making Process?
Identify the decision
Gather relevant information
Identify the alternatives
Weigh the evidence
Choose among alternatives
Take action
Review your decision and its consequences
Approaches to Solving Problems
Qualitative evaluation
Quantitative evaluation
several types all designed to help the
engineer manager make decisions regarding inventory.
Inventory models
is one that describes how to determine the number
of service units that will minimize both customers’ waiting for time and
cost of service.
Queuing theory
These are models where large complex tasks are
broken into smaller segments that can be managed independently
Network models
there are instances when engineer managers make
decisions that will have implications in the future.
Forecasting
examines the association between two or more variables. It uses
date from previous period to predict future events.
Regression analysis
when two or more independent variables are
involved
multiple regression
model constructed to represent reality, on which
conclusions about real-life problems can be used.
Simulation
