Decision problem structuring and solution prospecting Assignment Semester 1, 2022 Produce an outline for your chosen ill-defined decision problem (preferably from a professional/industrial/public institutional situation) as given below: (1) (2) (3) (a) Initial problem statement: (b) Other problem statement(s): (c) The people involved: decision maker(s), stakeholders, and analysts, etc: (a) Alternative solutions to the problem: (b) Number of alternatives: (i) A finite, but "small" number or, (ii) A very large, perhaps infinite, number [5 marks] [5] [10] [10] [5] (a) Ways to measure the performance of an alternative: criteria, performance measures, and attributes: (b) Number of objectives/performance measures: (i) One objective/performance measure or, (ii) Multiple objectives/performance measures (4) Constraints on the alternatives: (5) (a) A forecast associated with various states of nature: (b) Mapping from the alternative space to the outcome space: (i) Deterministic, but not explicit [10] [5] 05 [10] [10] [5] or, (ii) Deterministic, but represented as a closed-form function from a decision variable space to an outcome space or, (iii) Probabilistic, but modelled analytically or, (iv) Probabilistic, but modelled using simulation (6) Models/techniques (specify alternative models/techniques that can be used): (a)Models/techniques for the evaluation of alternatives [15] or/and (b) Models/techniques for the ranking of feasible alternatives and/or the selection of a best alternative or/and (c) An optimization technique for use in situations where it is impossible to explicitly enumerate all of the feasible alternatives (7) A procedure for implementing the chosen solution: [10] [Total Marks: 100]