Decision Making

DECISION MAKING
Decision Making 0

Decision Making 1
Table of Contents
Abstract............................................................................................................................................2
Introduction......................................................................................................................................2
Regression analysis..........................................................................................................................4
Linear programming........................................................................................................................5
Inventory model...............................................................................................................................6
Transportation model.......................................................................................................................7
Distribution and location model......................................................................................................8
Application of network model.....................................................................................................8
Conclusion.......................................................................................................................................8

Decision Making 1
Abstract
Nowadays, and running industry is imperative and compulsory decent abilities in making
accurate judgments. An incorrect superior therefore that is very critical for owners of the
business to be alert that can influence the business and accepting the encumbrance for every
judgment they make. Good skills are necessary to make the right decision in business.
Making a good decision is very important for owners of business by choosing the right
decision. There are many tools and techniques used by managers in business for making a
decision. They are charts, models, and graphs. Combination of these techniques used by
decision-makers to reach the final decision. In this research, quantitative model that is used by
the researcher for making a decision has been determined for reliable data into account.
Techniques and steps like production planning, inventory control, and
distribution planning are discussed. The mathematical models have been
pointed out with further research. The steps of every model are important in
industry for making a decision. Analysis of data result presents the
significance of applying the systems in command to protect the industry
from threat and gamble of damage.
Introduction
Decision-making involves detailed study and collection of data to determine or examine a
conclusion that is based on theories, materials, and facts. Decisions are made by methods like
measuring alternatives, gathering information and finding a conclusion. Systematically methods
help to make a decision more thoughtful and careful by defining alternatives and combining