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Posted: February 26th, 2022
Learning Outcomes:
No.
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Course Learning Outcomes (CLOs)
Question Number
CLO1
Find some structured ways of dealing with complex managerial decision problems.
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Question 2
CLO2
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Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.
Question 1
CLO3
Demonstrate the tools for deciding when and which decision models to use for specific problems.
Question 3
CLO4
Build an understanding of the kind of problems that is tackled using spreadsheet modeling and decision analysis.
Question 4 and 5
Assignment Instructions:
· Log in to Saudi Digital Library (SDL) via University’s website
· On first page of SDL, choose “English Databases”
· From the list find and click on EBSCO database.
· In the Search Bar of EBSCO find the following article:
Title: “Intuitive and Rational Cognition in the Theory and Practice of Management Sciences” (Case Study)
Author: Marcin Nowak, Joanna Ziomek
Date: March 03, 2019
Assignment Questions: (10-Marks)
Read the above article and answer the following Questions:
1. Explain the objective of this study according to your understanding (150-200 Words)
2. Why decision-making process is one of the most important issues in the area of management science? (150-200 Words)
3. What is the role of intuition in the managerial decision making? (150-200 Words)
4. What is the difference in rational and intuitive decision making style? (150-200 Words)
5. How this study is helpful for you in understanding the decision making process? (150-200 words)
Answers:
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