Homework: Spreadsheet Decision Modeling
Learning Objective
• Find some structured ways of dealing with complex managerial decision problems.
• Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.
• Demonstrate the tools for deciding when and which decision models to use for specific problems.
• Build an understanding of the kind of problems that is tackled using spreadsheet modeling and decision analysis.
Task
Answer the following Questions:
• Explain the objective of this study according to your understanding (150 to 200 Words)
• Why decision-making process is one of the most important issues in the area of management science? (150 to 200 Words).
• What is the role of intuition in the managerial decision making? (150 to 200 Words)
• What is the difference in rational and intuitive decision making style? (150 to 200 Words)
• How this study is helpfulfor you in understanding the decision making process? (150 to 200 words)
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.