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7 important steps in the decision making process - Asana
WebProblem solving is the act of defining a problem; determining the cause of the problem; identifying, prioritizing, and selecting alternatives for a solution; and implementing a solution. The problem-solving process Problem solving resources Problem Solving Chart The Problem-Solving Process WebThis article throws light upon the top seven steps involved decision-making process. The steps are: 1. Identifying the Problem 2. Identifying Resources and Constraints 3. Generating Alternative Solutions 4. Evaluating Alternatives 5. Selecting an Alternative 6. Implementing the Decision 7. Monitoring the Decision. Decision-Making Process: Step # 1. Identifying … WebOct 11, 2016 · 16. 5-16 Example: Different-Life AlternativesExample: Different-Life Alternatives Compare the machines below using present worth analysis at i = 10% per year Machine A Machine B First cost, $ Annual cost, $/year Salvage value, $ Life, years 20,000 30,000 9000 7000 4000 6000 3 6 Solution: PWA = -20,000 – 9000 (P/A,10%,6) – 16,000 … please find attached herein