The Available Options and the Best to Choose - Assignment Example

here are two possible distribution plans that the company can use, however, the company has to choose one.... From the two given possibilities, that is Option A and D, it is not easy to determine the best option.... From the spreadsheet model, there are five options from which the company can determine the number of motors to send from each harbor to specific destinations.... The two options give the lowest costs of sending the motors and do not involve a lot of routes....

Decisions could range from simple ones, like increasing the volume of units produced, to complex ones, like deciding which hedging strategy would yield the best results.... Decisions could range from simple ones, like increasing the volume of units produced, to complex ones, like deciding which hedging strategy would yield the best results.... In some circumstances, the best options are not readily available and it requires an enormous amount of skill, knowledge, experience, and trust to be able to unearth the series of steps leading to the successful decision (Eisenhardt et al, 1997)....

That many products for a customer to choose from and more than 20,000 new products are being displayed in America supermarkets shelves every year.... Choices are what make customers pursue precisely those activities and objectives that best satisfy the customer preferences within the limit of the customer resources.... First, in an individual life, there are many choices and the number of options available to people has increased dramatically....

The alternative of getting the money from an insurance company to finance for the merger was not the best option (Adair 103).... Issue of equity was the best option available to the company.... The company had three options of attaining funds: issuing commercial paper with a current interest rate of 4.... The external funds required were $20 and there was an option available.... The funds to finance the short term loan which was available at an interest rate of 4....

During decision making, an individual weighs both the positive aspects of an action and the negative aspects before settling on the best option.... During decision making, an individual weighs both the positive aspects of an action and the negative aspects before settling on the best option.... Decision making is the systematic process of choosing logically between options that are available.... Decision making is the systematic process of choosing logically between options that are available....

The 6-holiday options presented to 3 people to choose from The destinations for a holiday are likely to vary from one person to the other (Harrington, 2008).... A one month stay at home, tending after the flower beds, or even learning how to play a given sport seems the best way to spend their holiday on their favourite drinks sounds a perfect idea of a holiday well spent.... This is so as a result of the number of options that an individual might be faced with....

The option that gunner the most positive checks then becomes the best alternative.... Approaches to Project Screening and SelectionAccording to Brown and Eisenhardt (1997)project screening is a process of evaluating various options in order to acquire useful information that can then be used in making a decision among the many available options on the way forward (Saaty, 1996).... Option 2: Acquire New TechnologyThis option requires the company to abandon the current model of business and choose the 3D technology that will translate to high speed and low-cost prototyping....

A review of the second case reveals a reference state where there is a chance of not losing anything from the available options.... According to Kahneman & Tversky, the best decision in such a case would be the decision that has the potential of maintaining the reference state or the status quo where the investor does not lose anything.... As shown in the second case, one should choose between the sure bet of losing $750 now or the 25% probability of losing $1000 now....