What is the difference between the rational model of decision making and the administrative model of decision making?

1621222 00:42Models of Decision Making: Rational/Administrative and Retrospective Decision Making Modelsᒫ1ᶭҁو12ᶭ҂http:222decision-making2models-of-de…administrative-and-retrospective-decision-making-models2256582Models of DecisionMaking: Rational,Administrative andRetrospectiveDecision MakingModelsby Smriti ChandDecision MakingAdvertisements:The decision-making process though a logical one isa difficult task. All decisions can be categorized intothe following three basic models.(1) The Rational/Classical Model.(2) The Administrative or Bounded RationalityModel.Top 10 Umbrella CompaniesNeed a Contractor Umbrella Company? Impartial listing of the UKs Top10

1621222 00:42Models of Decision Making: Rational/Administrative and Retrospective Decision Making Modelsᒫ2ᶭҁو12ᶭ҂http:222decision-making2models-of-de…administrative-and-retrospective-decision-making-models2256582(3) The Retrospective Decision-Making Model.All models are beneficial for understanding thenature of decision-making processes in enterprisesor organisations. All models are based on certainassumptions on which the decisions are taken.1. The Rational/Classical Model:The rational model is the first attempt to know thedecision-making-process. It is considered by some asthe classical approach to understand the decision-making process. The classical model gave varioussteps in decision-making process which have beendiscussed earlier.Features of Classical Model:1.Problems are clear.2. Objectives are clear.3. People agree on criteria and weights.4. All alternatives are known.5. All consequences can be anticipated.6. Decision makes are rational.i. They are not biased in recognizing problems.ii. They are capable of processing ail relevantinformationiii. They anticipate present and future consequencesof decisions.

1621222 00:42Models of Decision Making: Rational/Administrative and Retrospective Decision Making Modelsᒫ3ᶭҁو12ᶭ҂http:222decision-making2models-of-de…administrative-and-retrospective-decision-making-models2256582iv. They search for all alternatives that maximizesthe desired results.2. Bounded Rationality Model orAdministrative Man Model:Decision-making involve the achievement of a goal.Rationality demands that the decision-maker shouldproperly understand the alternative courses ofaction for reaching the goals.He should also have full information and the abilityto analyse properly various alternative courses ofaction in the light of goals sought. There should alsobe a desire to select the best solutions by selectingthe alternative which will satisfy the goalachievement.

By definition decision making is: The process of selecting a logical choice from among the available options. When trying to make a good decision, a person must weigh the positives and negatives of each option, and consider all the alternatives. For effective decision making, a person must be able to forecast the outcome of each option as well, and based on all these items, determine which option is the best for that particular situation. [James Reason 1990]. Human performance in decision making terms has been the subject of active research from several perspectives. From a psychological perspective, it is necessary to examine individual decisions in the context of a set of needs, preferences an individual has and values they seek. From a cognitive perspective, the decision making process must be regarded as a continuous process integrated in the interaction with the environment. From a normative perspective, the analysis of individual decisions is concerned with the logic of decision making and rationality and the invariant choice it leads to.

What is the difference between decision

What is the administrative model of decision making?

What is the rational model of decision

What are the different models of decision