Question.3877 - Enter Name of the decision making situation in the title. For example, it could be purchasing raw materials or supplies, choosing a supplier, assignment of cases to employees, buy or lease decisions, etc. Post your answer inside the box. Your posting must contain the followings: Decision Alternatives: State the decision alternatives. Note that, you need at least two choices; else there is no need for analysis, you need to pick the sole alternatives. Objectives: List and briefly describe the most important objectives or business performance measure that should be basis to make the decision (choosing the alternatives). This include, lower costs, increase profits, reduce the time consumed, reduce the risk, etc.. Constraints: List the important constraints or business logic/requirements that needs to be considered while making decisions. Data: List the types of data that are required to make the decision.
Answer Below:
Decision-making: what type of mobile phone should I buy? Decision alternatives: premium, high-quality, and expensive mobile Mid-range with balanced features Objectives: Minimize the cost, which means to stay within the budget. Maximize features with the best combination of camera, battery, and speed. Maximize quality, which includes durability and warranty. Constraints: The budget must be within $500-$800 Feature requirements include 4 GB RAM, 128GB storage Operating system: Android or ios It must be in stock and deliverable. Data: Price: Comparison of different brands and models. Specifications: RAM, storage, camera, etc. User Reviews: Ratings and feedback. Brand Reputation: Customer service and reliability. Promotions: Discounts or offers.More Articles From Management
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