2. WHAT IS DECISION MAKING ????????????

3. TYPES OF MODELS FOR DECISION
MAKING
 Rational Model
 Non- Rational Model

4. DECISION MAKING PROCESS
 Identifying the problem
 Identifying resources and constraints
 Generating alternative solutions
 Evaluating alternatives
 Selecting an alternative
 Implementing the decision
 Monitoring the decision

5. TYPES OF MANAGERIAL DECISIONS
 Strategic Decisions
 Tactical Decisions
 Operational Decisions
 Programmed Decisions
 Non-programmed Decisions

6. DIFFERENT APPROACHES TO
DECISION MAKING
 Authoritarian Decision-making
 Group Decision-making
Consultative Approach
Participatory Approach

7. DECISION MAKING TECHNIQUES
 Marginal Analysis
 Financial Analysis
 Break-Even Analysis
 Ratio Analysis
 Operations Research Techniques
Linear Programming
Queuing or waiting line method
Game theory
Simulation
Decision Tree