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Please cite any references that you might use. Write a minimum of 250 words for each of the discussion questions below: A decision model may
Please cite any references that you might use.
Write a minimum of 250 words for each of the discussion questions below: A decision model may be descriptive, heuristic, or prescriptive. 1. In your judgment, what are some important requirements for making good decision models regardless of whether they are descriptive, heuristic, or prescriptive? How would you check the validity of a model that you have selected? 2. Describe the reasons why a manager might use a heuristic decision model instead of a prescriptive model. Use a real life example, and explain your reasons within the context of your example. Write a minimum of 250 words for each of the discussion questions below: A decision model may be descriptive, heuristic, or prescriptive. 1. In your judgment, what are some important requirements for making good decision models regardless of whether they are descriptive, heuristic, or prescriptive? How would you check the validity of a model that you have selected? 2. Describe the reasons why a manager might use a heuristic decision model instead of a prescriptive model. Use a real life example, and explain your reasons within the context of your exampleStep by Step Solution
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