Rational Decision Making Model

Summary of a reasonable decision model What is decision making? The term "decision" can be defined as "an action that reaches a conclusion or constitutes the heart of a person" (American Heritage, 2000). Essentially, decision making is a choice made by a group of individuals or people. Decision making is a single action, the whole process, or even just a word or gesture. Decision making is one of the crucial features of leadership. To make decisions is the job of managers and leaders and is an integral part of their day-to-day responsibilities.

A rational decision-making model is a general-purpose program that itself is a decision-making tool for more than 50 years. Herbert Simon argues that a rational decision-making model focuses on efficiency and defines it as an alternative to choosing the best result at the lowest cost (Pal, p. 19). Simon, Smithburg, Thompson (1958, 60) are convinced that social improvements will be brought about by applying rational techniques to complex decisions. (Pal, page 19). I tend to agree with them when he proposed a reasonable decision model to assume a way of thinking. Especially Pal, it is linear, systematic, self-conscious, intentional and effective. (Pal, p.19) This model is a powerful tool to think about problems and try to solve them. (Pal, p. 26)

There are several decision models that you can choose for a particular situation. Some of these models are responsible decision models, ethical decision models, rational decision models, cautious decision makers, and other models. In general, every decision model is a process used to make thoughtful decisions. Every decision model has three main elements. These three elements are the method of determining criteria, the method of generating alternatives, and the method of evaluating alternatives based on criteria (Scholl, p. 1). A reasonable decision model explains how this process can help people make better decisions

Rational methods tend to emphasize the prescriptive view of decision-making. According to Robbins (2002, p. 74), rational decision models include (a) definition of the problem, (b) determination of decision criteria, (c) metric of the criteria, (d) (E) Alternatives for each criterion are rated; (f) Compute the best decision. Based on these steps, the decision maker determines the problem or organization's goal, then decides the alternative based on the potential outcome of each alternative. In order to make the model effective, it is necessary to include the assumption in the model.