2) Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.

PLEASE AVOID plagiarism ALL ANSWERS MUST BE WITH YOUR OWN WORDS. REQUIRED ARE BELOW

Course Learning Outcomes-Covered

Aligned (PLOs)

Course Learning Outcomes (CLOs)

Question

MGT.K.1

(1.1)

Find some structured ways of dealing with complex managerial decision problems.

Question-1

MGT.K.3

(1.2)

Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.

Question-4

MGT.S.1

(2.1)

Demonstrate the tools for deciding when and which decision models to use for specific problems.

Question-2

MGT.V.1

(3.1)

Build an understanding of the kind of problems that is tackled using Spreadsheet Modeling and decision analysis.

Question-3

Assignment Instructions:

Title: “Modeling Autonomous Decision-Making on Energy and Environmental Management Using Petri-Net: Case Study”.

Author: Niken Prilandita, Benjamin McLellan, Tetsuo Tezuka.

Assignment Questions: (Marks 10)

Read the above case study and answer the following Questions:

Question 1: Explain the autonomous decision-making process, its advantages and disadvantages (250-300 words) (2.5-Marks).

Question 2: Discuss the Centralized and De-centralized Decision-Making Approaches with suitable examples (250-300 words). (2.5-Marks).

Question 3: Explain the various stages of Decision-Making Cycle based on this case study (250-300 words) (2.5-Marks).

Question 4: Why are the most decisions made on energy and environmental management known as the decisions of community interest. (250-300 words) (2.5-Marks).

Answers:

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