Posted: July 21st, 2015

Forum 3

Forum 3

Order Description

Give an example of a good decision that you made that resulted in a bad outcome. Also give an

example of a bad decision that you made that had a good outcome. Why was each decision good or

bad? Please specify the criteria you used in making these decision. (You need to specify one of

the decision criteria on Slide 3-11 or the utility criterion on Slide 3-71 and explained how you

applied it to your specific example.) Why sometimes good decisions may lead to bad outcomes and

vice versa?

Slides attached

Please use this as 1 of the references: (if needed)

Render, B., Stair, R. & Hanna, M. (2011). Quantitative Analysis for Management. (11th Ed).

Upper Saddle River, New Jersey: Pearson Prentice Hall.